crash2006 Posted July 30, 2007 Share Posted July 30, 2007 Denmark, Britain and New Zealand are the economies most vulnerable to a fall in house prices, says a report released on Monday by Fitch Ratings. The credit rating agency says the combination of overvalued property and highly indebted consumers makes these economies especially vulnerable as central banks tighten interest rates around the world. http://www.ft.com/cms/s/c927f8ae-3e00-11dc...00779fd2ac.html The UK also has a buffer because of its high levels of household wealth. "Net wealth is the most comprehensive measure of household long-run solvency," says the report. They fail to point out, when the market crashes household wealth drops, also at the moment the ratio is 1:4 is debt and wealth. Quote Link to comment Share on other sites More sharing options...
Selling up Posted July 30, 2007 Share Posted July 30, 2007 (edited) Was just about to post this article, you beat me to it darn you! Edit: not that I'm competitive of course! Good stuff though! Edited July 30, 2007 by Selling up Quote Link to comment Share on other sites More sharing options...
Guest d23 Posted July 30, 2007 Share Posted July 30, 2007 Was just about to post this article, you beat me to it darn you!Edit: not that I'm competitive of course! Good stuff though! this is the 3rd or 4th time this article has been posted Quote Link to comment Share on other sites More sharing options...
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