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World Crisis scenarios for the 21st century – Worldwide economic depression – (update 1)

Posted by Adrian on July 25, 2007

As mentioned in the summary of World Crisis scenarios for the 21st century. There will be constant updates and developments with the various World Crisis scenarios discussed on the Morbius Glass blog.

Updates for World Crisis scenarios for the 21st century – Worldwide economic depression

“Credit markets are facing a “sudden liquidity crisis”, says Bill Gross of PIMCO bond fund (US) – CNNmoney article

Housing prices in America have falling so dramatically the only comparable time was the housing price decline in 1930’s Great Depression – Business Day, The Age

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One Response to “World Crisis scenarios for the 21st century – Worldwide economic depression – (update 1)”

  1. Rhona Ottolina said

    I have no doubt that the beginning of the end has already shown its face.

    The sub prime mortgage crisis is just the tip of the iceberg, the spark. The domino effect seems imminent.

    A global financial depression; the oil crisis due to a higher demand and a diminishing reserves; the confrontation of terror vs liberty in hands with nuclear weapons; are but a few pieces of the map that is drawing the very, very, near future …or present.

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