Tuesday, September 28, 2010

Is the USA about to have it own version of a European Sovereign Debt Crisis?

Remember Meredith Witney, the analyst who famously forecast disaster for America's big banks before the credit crisis hit, she has a new warning - this time it is the individual states. She contends that the housing crash has not as of yet realized its full impact on the over-stretched state budgets. Read all about the next shoe to drop right here. Will this issue become the USA's Waterloo?

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