Top Investor see U.S. Property Crash (reuters)

[katty]

more: http://www.reuters.com/articlePrint?articleId=USL1470530620070314

Top investor sees U.S. property crash
Wed Mar 14, 2007 12:59PM EDT
By Elif Kaban

MOSCOW (Reuters) - Commodities investment guru Jim Rogers stepped into the U.S. subprime fray on Wednesday, predicting a real estate crash that would trigger defaults and spread contagion to emerging markets.

"You can't believe how bad it's going to get before it gets any better," the prominent U.S. fund manager told Reuters by telephone from New York.

"It's going to be a disaster for many people who don't have a clue about what happens when a real estate bubble pops.

"It is going to be a huge mess," said Rogers, who has put his $15 million belle epoque mansion on Manhattan's Upper West Side on the market and is planning to move to Asia.

[AX10]

1. So he's moving out of the "good ole' US of A".

Interesting......

[Skink]

2. For some the huge mess is already underway.

[katty]

3. agree, already happening and my friends in finance

are ringing the warning bells-now.

[rusty charly]

4. what do do?

how does one protect assets?

[katty]

7. get out while you can and try to move or salvage

your assets. A big problem are the home equity lines that are already spent.

[whistle]

5. Lyndon LaRouche predicted a bubble burst and a complete economic meltdown

...as early as last year and is still suggesting it will happen for certain and soon. Listen to the broadcast tomorrow at 3:00pm EDT

http://www.larouchepub.com/radio/index.html

[lligrd]

8. Hell, I Predicted It The Day Bush Usurped The White House

You don't put a chimp in charge of our economy and expect it to survive.

[Demeter]

6. He's Too Late

And why Asia, for heaven's sake? That mansion ain't gonna sell, guy...you shoulda moved in 2000 or spring of 2001