Friday, Sep 28, 2007
We are right behind them
The Telegraph: US housing market in freefall dive
Sales of new homes in the US plunged in August at the fastest rate since modern records began, prompting fears the economy is sliding into a full-blown recession.
Posted by sold 2 rent 1 @ 07:58 AM (411 views) Add Comment
3 Comments
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1. harold said...
"... but of course the sub-prime problem is contained." Contained in what, you might ask? The Universe?
2. mrmickey said...
Conversation in the office this morning is dominated by the number of people who have been told to lie by financial advisors on their mortgage applications regarding their income. When this lot hits the fan there will be financial advisors hanging from lamp posts. We are six months behind the US with this mess, Gordo would be a fool not to go for a general election soon, he may have to resign 12 months down the road anyway.
3. Cheekie Charlie said...
Whats more interesting is the comments about the ECB and Spanish banks. Is there any safe haven for my hard earnt money??