INTEREST RATES GO UP: US $$ Slides, Trade Deficit

Post by **AbdiWahab252** » Thu Jun 29, 2006 2:52 pm

The economic outlook for 2006 looks bad:

1. The Fed keeps on increasing the key interest now up to 5.25%
2. Stocks keep on taking a beating
3. Housing market is cooling
4. Recession is creeping in slowly
5. Dollar continues its slide
6. Trade deficit balloons to record highs

Time to explore investments overseas especially Africa. Anyone got good tips of places to stash your earnings overseas ? My top picks in Africa are:

1. Mozambique
2. Angola
3. Cameroon
4. Somalia

If the economic mismanagement continues, your US dollar will be no better than the Somali/Kenyan/Tanzanian Shilling

Post by **AbdiWahab252** » Thu Jun 29, 2006 2:55 pm

If you have debt.....

U are going to pay more in interest.

If you have CDs, Savings, Money Market accounts,

U'll get more income in interest

DerbiJiiF · Post by **DerbiJiiF** » Thu Jun 29, 2006 3:03 pm

I feel like sitting macroeconomics 101 .

Derbi

Post by **AbdiWahab252** » Thu Jun 29, 2006 3:11 pm

Derbi:

Its more like REAGANOMICS

Steeler [Crawler2] · Post by **Steeler [Crawler2]** » Fri Jun 30, 2006 3:28 am

I have no debt.

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FORUMS ARE BACK TO NORMAL - LIGHTNING FAST TOO

INTEREST RATES GO UP: US $$ Slides, Trade Deficit

INTEREST RATES GO UP: US $$ Slides, Trade Deficit