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Bloomberg Front Page This Morning

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* U.S. Stocks Fall for Week as Loan Losses at Banks Threaten to Cut Growth

* Treasuries Rise Most Since March on Concern About Rising Subprime Defaults

* Viacom's Redstone Confirms Rift With Daughter, Considers Buying Her Out

* Dollar Falls to Record Low Versus Euro, May Extend Drop on Subprime Woes

* European Stocks Fall Amid Hedge-Fund Losses, Earnings Outlook; Total Drops

* U.K. Insurers Friends Provident, Resolution Held Merger Talks, People Say

* Japan's Bonds Post Weekly Gain as Concern Rises About U.S. Subprime Losses

* Korean Officials Arrive for Afghan Hostage Talks Amid Rescue Preparations

* Erdogan Seeks Win in Turkish Election to Loosen Military Grip on Politics

You couldnt make it up.... Although most of these are US centric, we are in a global economy and it looks a little sick. <cough.>

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* U.S. Stocks Fall for Week as Loan Losses at Banks Threaten to Cut Growth

* Treasuries Rise Most Since March on Concern About Rising Subprime Defaults

* Viacom's Redstone Confirms Rift With Daughter, Considers Buying Her Out

* Dollar Falls to Record Low Versus Euro, May Extend Drop on Subprime Woes

* European Stocks Fall Amid Hedge-Fund Losses, Earnings Outlook; Total Drops

* U.K. Insurers Friends Provident, Resolution Held Merger Talks, People Say

* Japan's Bonds Post Weekly Gain as Concern Rises About U.S. Subprime Losses

* Korean Officials Arrive for Afghan Hostage Talks Amid Rescue Preparations

* Erdogan Seeks Win in Turkish Election to Loosen Military Grip on Politics

You couldnt make it up.... Although most of these are US centric, we are in a global economy and it looks a little sick. <cough.>

next week i reckon... us real estate figures released later today, just got a feelin something massive is going to give over the next week...

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and the way this all helps me buy a house at a reasonable price is?

It is that ...

Bad economic news ONLY affects HPI :lol:

... But it NEVER affects the people who want HPC. Just by expecting, or hoping for a HPC you become immune from any shit that hits the fan. Therefore shit is good news.

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It is that ...

Bad economic news ONLY affects HPI :lol:

... But it NEVER affects the people who want HPC. Just by expecting, or hoping for a HPC you become immune from any shit that hits the fan. Therefore shit is good news.

Yes indeed! Great news if you have no property (real or personal), no job, no business, an income from a guaranteed source which is linked to an index of inflation which is guaranteed never to be falsified, no friends, relations, spouse or children who do not also fulfil all these criteria, a middling-to-severe personality disorder and the words "be careful what you wish for" tattooed in bold on your forehead.

Otherwise, a bit of a worry.

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Guest vicmac64
and the way this all helps me buy a house at a reasonable price is?

no idea - it will be everyone for himself

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Or how about

Miami Condo Glut Pushes Florida's Economy to Brink of Recession

http://bloomberg.com/apps/news?pid=2060110...&refer=home

July 20 (Bloomberg) -- In the middle of the biggest glut of condominiums in more than 30 years, Miami developers keep on building.

The oversupply will force prices down as much as 30 percent, the worst decline since the 1970s, and help push Florida's economy into recession as early as October, said Mark Zandi, chief economist at West Chester, Pennsylvania-based Moody's Economy.com, who owns a home in Vero Beach, Florida.

``Florida is the epicenter for all the problems that exist in the housing industry,'' said Lewis Goodkin, president of Goodkin Consulting Corp. and a property adviser in Miami for the past 30 years, who also foresees a recession. ``The problems we have now are unprecedented and a lot of people will get burnt.''

Edited by slurms mackenzie

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