Wednesday, Mar 14, 2007
and why the pain could be severe
Firstrung: Why housing crashes hurt
"I worry in terms of the bigger picture," said Barry Hyman of EKN Financial to Marketwatch.com. "There are now risks to economic growth and therefore risks to earnings growth." It seems that the American investing public is finally waking up to the fact that you can't have a housing slump without the whole economy feeling the pain.
Posted by converted lurker @ 10:56 AM (174 views) Add Comment
2 Comments
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1. daft boy said...
" Banking stocks and other financials were among the worst hit in the FTSE 100 yesterday - there were vague rumours that a UK hedge fund has run into financial trouble ",
I wonder if there is a connection with HBOS because the share price has had the biggest drop on the FTSE 100 today. I think I will move most of my cash away from the Halifax just to be on the safe side.
2. japanese uncle said...
Don't scare! If HBOS goes bust, that is the end of UK economy.