Wednesday, Jul 11, 2007
I'll have a bit of that
The Times: S&P fears credit crunch as mortgage crisis hits house prices
Fears of a global credit crunch grew yesterday after Standard & Poor’s predicted that house prices in the United States would plunge 8 per cent this year, dragging down America’s capital markets and hitting economic growth.
Posted by holding out @ 09:14 AM (134 views) Add Comment
1 Comment
- 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. dohousescrashinthewoods said...
I suspect they are understating the case to shore up confidence.
Remember last year? Every month there were reassurances that the housing market had hit bottom and every month it got worse.
I have taken to using my head rather than press releases to guide thinking - what a revolutionary idea.