Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

Signs of Armageddon on Wall Street

 

Last updated 5/17/2007 at Noon



Am I the only one who sees Armageddon approaching Wall Street? The signs are pretty clear to me – foreclosures on the rise, and economic indicators the worst they’ve been since 2003! The serious loss of well-paid manufacturing jobs to overseas workers had had an obvious impact. This large segment of our population can no longer afford stable 30-year home loans, not on the minimum wage jobs they have been forced to accept as the US factories close one after another! As a result, they, and the already existing large pool of unskilled workers, are either priced completely out of the home m...



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