Newslines lets you create cool news timelines about your favorite people and products. Register now!
Gerald Celente

Credit crisis to hit financial markets

Oct 2006

Celente issues a press release stating the U.S will hit a credit crisis by the end of 2007. Millions Americans who over borrow and take credit or loans will not be able to keep paying their debt causing US financial markets to decline further.

Weighed down with massive loads of debt and locked into jobs that limit opportunities to pay it off, the paycheck to paycheck public will feel the pinch in their
pocket books and businesses will be hit hard in their bottom lines long before recession becomes “official.”