Saturday, Aug 08, 2009
End of the beginning of in sight?
Information Clearing House: The world needs a breather from the US
There was a thread earlier in the week on a piece by Mike Whitney. Some apparently perceived him as a blood-spitting, rabidly Fed-hating Bernanke-basher... OK, they didn't think much of him. But he has given a far broader and more disinterested account than most economists throughout the present macroeconomic hiccup. Here, he explains what's happening - as far as anyone can tell - to the US economy. Part of the commentary concerns the housing market; as far as the present debacle goes, if it's not prime suspect No. 1, it's up there somewhere. It's not a long piece, and if you read it, you'll find it difficult to displace nagging and ominous questions about what it means for the UK economy at large, and real estate in particular.
Posted by a solovine @ 01:43 AM (165 views) Add Comment
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