PressTVGlobalNews | October 23, 2010 - This program is about the bursting of the predictions that bubble in the stock markets. The guest, Rick Ackerman, says that the market is very fragile and it is inherited from the past economic mistakes. The US government is blamed for creating such mammoth bubble by helping the creditors after the 2007 financial crisis. If debtors and foreclosure-hit house owners were aided, today the economy would be back on its feet.
The US housing market and fraud allegation is also a hot-button issue in this program. The guest says the dollar would finally collapse and such a collapse would be sudden, without any advance warning. He is, however, upbeat about the future of resource-based countries like Canada and Australia.
