Monday, May 21, 2007
US housing, worse than thought
BBC News: Housing takes toll on US economy
The slowdown in the US housing market will hit the country's economy harder than previously thought, according to a group of economic professionals.
Posted by fudge @ 06:37 PM (357 views) Add Comment
3 Comments
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1. bidin'matime said...
Why are so-called 'professionals' so incapable of independent thought?? The problem is that, no one likes to be a 'party-pooper', so even when the ship has hit the iceberg, they predict that all will be okay. Like the 'professionals' who designed the Titanic - they simply don't believe that it can sink.
2. Surfgatinho said...
Worse than who thought!!
3. dohousescrashinthewoods said...
Interesting that on "Moneybox Live", yesterday, they had a couple of "experts" apparently recommending people invesh in US stocks.
What?! With this going on, US recession on the way (I still don't know what an inversion of the bond yield curve means, but apparenly it's bad) and figures showing "insiders" are selling shares as fast as they can, the US looks set to collect on some of its bad karma.
I can understand the paid US press hyping the stock market so their paymasters can protect their wealth, but the BBC? These guys are either not very expert, or there really is a very "special" relationship. (I have sent in a "comment" to the programme)