Living in France, I just wonder if there're Lao people living in USA, hit by these financial crisis called "sub-primes" ? it seems very dramatic issues indeed overthere !!! America loves really LOANS,, loans , loans and loans again. Even foods are bought by loans , is it rue ?
Living in France, I just wonder if there're Lao people living in USA, hit by these financial crisis called "sub-primes" ? it seems very dramatic issues indeed overthere !!! America loves really LOANS,, loans , loans and loans again. Even foods are bought by loans , is it rue ?
Unless you are stupid enough to take out a loan to buy a house you can't afford in the first you would not be affected.
To the company that give out loan they without making sure these people can afford it should pay a huge fine for doing something like this.
Yes, I'm living in SF CA. So far everythings is bad, but i'm not that stupid just loan for buying food. I think you shouldn't said that america loan for buy food, come on man! you should be here and i'm going to show each family here are really loan food.?
yes.!!! i've know alot of lao folks that are effected by this economic crisis.. it is sad time right now... some of people i know are loosing their homes and families are broken up.. america economy is suffered by this "sub prime loans".. alot of homes are going for foreclosure. when the interest was low and economy was good.. they are giving out loans left and right, most people most people arent locked in with fixed interest loans... majority of them are on interest and flexible interest loans.. once the intestest jumps, it is impossible for people to pay for their morgages.. for example: they normally pay $1300 per month and now it jump to $3000... how can anyone afford it??
doesnt look too good for u.s. economy.. hopefully, after the election things will start changing for the better!! we HOPE...
doesnt look too good for u.s. economy.. hopefully, after the election things will start changing for the better!! we HOPE...
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God and mother's nature won't like Mr Bush. Hurracane, Turnado you name is...
Boo Hane Lao Phen Wa : Kee Kong Mu Phee Bab Num Than !!!
Hey Man ...Huhhhhhh ---------------------------------------------------------------- Scientists had predicted that it's going to be Dry for this decade. Wrong..wrong...ther are too much Flood in USA...too much destruction by Turnado.
Th Eagle(USA) had Landed on the Moon. Now the Evil have landed on America.
The Evil is Mother's nature ! ! !
Every times, American is going to make war, the mother's nature is warning ahead of time.! ! !
doesnt look too good for u.s. economy.. hopefully, after the election things will start changing for the better!! we HOPE...
================================
God and mother's nature won't like Mr Bush. Hurracane, Turnado you name is...
Boo Hane Lao Phen Wa : Kee Kong Mu Phee Bab Num Than !!!
Hey Man ...Huhhhhhh ---------------------------------------------------------------- Scientists had predicted that it's going to be Dry for this decade. Wrong..wrong...ther are too much Flood in USA...too much destruction by Turnado.
Th Eagle(USA) had Landed on the Moon. Now the Evil have landed on America.
The Evil is Mother's nature ! ! !
Every times, American is going to make war, the mother's nature is warning ahead of time.! ! !
Here I cut from the journal online named "When the US sneezes the world catches cold", by Dr. Abbas Bakhtiar Stock-market: The Near Term-outlook The outlook as you have guessed is not good. I have been waiting for this crash since mid 2006 and what kept it from happening was what Greenspan called the “irrational exuberance” of the investors. The market, especially the US markets, will plunge further. I see Dow Jones below 11500 and Nasdaq at 1900. The full picture of financial crisis is still hidden and full cost of the coming bailouts will not be known till autumn. Of course this is not written in stone. The US government may come to its senses and decides to act responsibly and allow many companies and banks to go under. It may try to support dollar. It may try to cut the budget deficit or the trade deficit. It may even decide that its war in Iraq was not and is not such a good idea and withdraw its troops. It may even try to get friendly with Venezuela and Iran, thereby reduce both the price of oil and pressure on the dollar. The truth is that it is the US president that can do these things and not the Federal Reserves. We just have to wait for the elections and see who is elected as the next president. It is my opinion that no other US president has ever damaged United States as much as George Bush, and he will be remembered by both the Americans and others as one of the most unpopular US presidents ever. But he is at the end of his second term and has only a year to destroy the rest of the economy. Let us hope that he will be busy with other things and doesn’t do more damage. Let us also hope that the American people will not fall for promises of further tax cuts and glories in battle fields abroad. Neither brings peace and prosperity.
By Dr. Abbas BakhtiarDr. Abbas Bakhtiar lives in Norway. He is a management consultant and a contributing writer for many online journals.
