Monday, Jan 15, 2007
UK 2007?
Telegraph: US housing bust getting worse
Americans have shown a complete lack of self-control. The personal savings rate is at its lowest point ever, and has actually been negative since April 2005.
"We believe that housing will soon become the proverbial 'straw that breaks the camel's back'," said David Kostin, the investment bank's US strategist.
Posted by cheeky charlie @ 04:46 PM (155 views) Add Comment
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