Tribute to the Military

Thursday, August 16, 2007

Mega-terror threats add to market woes

A balloon of no-money-down home loans and easy credit for corporate buyouts, followed by the perfect storm of inflation and declining home values, has set the stage for what economic experts believe could end up a literal "meltdown" in the global economy.  It's the result of a combination of factors, but some warn that as bad as it is - Wall Street has lost about 10 percent of its value in the past few weeks - it would undoubtedly be aggravated by a major terrorist attack, which would create tremors felt by millions. 

"We've never had a crisis like this while we're at war," said Craig R. Smith, president of Swiss America Trading, and an expert on financial issues including tangible assets.

Read the latest news now on  Worldwide financial contraction would be aggravated by attack

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