Tuesday, Jun 13, 2006

US economy headed for the rocks as rate rises lead to house price bust ?

Daily Telegraph: Monday view: Storm clouds gather over a US economy heading for icebergs

Like a thunder clap too close for comfort, the US bond market last week issued its time-honoured warning of recession. This time for real. The yield on 10-year Treasuries slid below the short-term rates, an emphatic signal that investors are more worried about a US housing bust than surging inflation............

Posted by Waiting Patiently @ 12:43 PM (516 views)
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