Monday, Mar 12, 2007

Bloomberg on US meltdown

Bloomberg: Foreclosures to hit 1.5million

Detailed article on continuing slow motion train crash that is US housing. For those of you unable to see the link with UK HPC the mechanism is straightforward IMO: US HPC leads to US recession leads to global recession leads to UK HPC.

Posted by andy h @ 09:11 AM (198 views) Add Comment

2 Comments

1. Joe said...

Just read this guy's article about the subprime lending fiasco , an excellent written article.

http://newyorkaddick.blogspot.com/2007/03/subprime.html

Monday, March 12, 2007 01:24PM Report Comment
 

2. Joe said...

http://newyorkaddick.blogspot.com/2007/03/subprime.html

Monday, March 12, 2007 01:24PM Report Comment
 

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