Expect the Worst Currency Crisis in 2010

Mortgage Delinquencies Hit 14 Percent – A Record High
According a survey of the mortgage industry which was released last Thursday, over 14% of mortgage borrowers were in trouble during the third quarter. This survey would suggest that the forecloser rates may not peak until next year, considering the unemployment rates are still rising.

Unable To Recover, the US Decides To Create Asian Angst
Federal Reserve’s gusher of dollars is starting to cause serious consequences for the rest of the world. It is especially evident in Asia where Obama is currently getting an earful from Asian leaders about what the US dollar is doing to their economies. Many Asian counries are getting a hug

Asia Expected To Lead To Recovery
As jobloss in the US threatens to undermine consumers as the biggest part of the economy, the confidence of consumers made an unexpected sudden drop in November. Consumer spending, which accounts for two-third of the economy, decreased to a three-month already to 66 back in October 2009.

“They Will Take Us To War”