Debtors Begin Mass Defaults - John Rubino

By Financial Survival Network / July 20, 2004 / marketsanity.com / Article Link

Argentina defaults on its debt for a change. Housing market implodes. While many of us working at home haven't felt the full brunt of the quarantine, those who have to go to a physical job there's risk involved. Housing isn't the epicenter of the collapse this time, it's more collateral damage. Houses are not a substitute for savings. Second homes will become a luxury that few can afford. Most people are used to bubble market prices and that's about to change. And Airbnb hosts are in real trouble, no one is traveling or going on vacation. No one wants to go into a stranger's house right now.

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

Recent News

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com

Large TSXV stocks strong on company specific drivers

December 30, 2024 / www.canadianminingreport.com

Canadian political turmoil with Trump trade policy the catalyst

December 23, 2024 / www.canadianminingreport.com

Canada and US import tariffs remain low

December 23, 2024 / www.canadianminingreport.com

Major metals not gaining much on China stimulus announcements

December 16, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok