Tuesday, Jun 05, 2007
Recession well maybe?
Daily Telegraph: Fed chairman warns on US housing market
The chairman of the US Federal Reserve has warned that the American housing market will remain in the doldrums for longer than expected as lenders make it tougher to get mortgages.
Posted by dobber @ 08:18 PM (119 views) Add Comment
6 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. This comment has been removed as it was found to be in breach of our Blog Policies.
2. paul said...
No-one catches a falling knife.
3. Vicmac64 said...
I agree - especially one so sharpened by debt
4. Pr said...
Why is anybody surprised that lenders become more strict with people purchasing a falling asset class? That's what happens in a crash, it is self reinforcing. Its what will happen here as soon as London starts falling.
5. Orwell said...
When will London start falling that is the question?
6. shipbuilder said...
What a surprise - ever since the crash in the USA started, the 'experts' have been revising their predictions of an upturn further out, week after week. The same will happen here - a slow slide started by stretched punters, investors cashing in and sentiment and building snowball-style into a full crash. Of course the 'experts' here will, ridiculously, follow the same path - firstly, a congratulations on achieving the 'soft landing', followed by reports of stabilisation, followed by monthly predictions of 'an upturn in 6 months'. Finally, the questions will start to be asked.