Saturday, Mar 29, 2008
"A long drawn-out grinding decline"
FT: John Authers: Contrary to your expectations
"Mortgage lenders, most recently Nationwide, the nation’s second biggest, are deliberately raising rates to make themselves less competitive. This is the very definition of a credit crunch, and it is only just starting."
John Authers, one of the few financial journalists whose analysis carries weight.
Posted by letthemfall @ 09:44 AM (163 views) Add Comment
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