Economist Shilling predicts a 43% drop in S&P prices stock prices, and bond prices could drop to as low as l.5% per annum.The cause is low employment number of only l20,000 in March vs. the previous months average of
200,000. About l4,000,000 Americans are out of job, and this is the highest so far in the history of USA.
This unemployment number plus the high student loan and consumer debt, the pressure to save for retirement (no
govt retirement fund cash balance for l00 trillion liability) spells doom for the US capital markets.
What is the effect on the Phil stock market, on the Phil economy?
What is the effect on OFW remittance.
Do you believe/agree with this news.
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From:
Moneynews.com <newsmax@reply.newsmax.com>
Date: Fri, Apr 13, 2012 at 4:13 AM
Subject: Shilling: S&P to Plummet 43 Percent as Recession Looms
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Jorge U. Saguinsin
Angono, Rizal
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