The USD Index is at an historic low and looks to be dropping
relentlessly still ... Now it is almost down to 77.Do you recall the somber insider economist, that a few weeks ago, when
the USD Index
was heading to go below 78 ... warned that if it keeps dropping to 78
and below, that there would be WWIII in a few days. And have you
noticed top global leaders discussing so casually such horrific things
that shouldn't even be thought?One big aspect of the the US declining USD Index is the sub prime
crisis ... And it is looking to be increasingly worse as it
progresses, with ever more alarming and much greater reaching
consequences." ... forecasters have said the decline could be 20 percent or more."
FALLING HOUSE PRICES ... LOOK OUT for BIG DROPS IN VALUE ... up to
20% (or more?)
... sub prime mortgages make up a relatively small share of the total
housing market — about $1 trillion of the $10 trillion in outstanding
mortgages.The much bigger losses will be in declining real estate prices.
Household real estate currently totals about $21 trillion, according
to the Federal Reserve.Global Insight, a research firm, predicts that the national average
for housing prices will drop 5 percent over the next year and 10
percent before mid-2009, for a total of about $2 trillion. Economists
at Goldman Sachs have predicted prices will drop by 15 percent,
meaning an overall decline of more than $3 trillion; other forecasters
have said the decline could be 20 percent or more.It may be a good idea to keep in closer touch with family members in the
days/ weeks/ months ahead ... and have some sort of family emergency
plan(s) mutually understood.