Reading about the horrible numbers coming out of the United States = and if there is no budgetary deal by August 2/3rd = the US could default.
What would it look like?
UH, not nice.
No Social Security checks, food stamps (1/4 of US Population get some form of a check from Uncle Sam) - even the Troops would not get paid.
The loss of confidence in US Treasuries will gut the world Financial system.
Gut it, like a trout.
Canada does 70% of our business with the Broke States.
We have NOTHING to be smug about.
Watch interest rates in Euro Zone. 30% in Spain!!!
Things are getting tight.
Buy a house now? Lock in at cheap rates? Are you nuts?
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