Monday, January 15, 2007

UK 2007?

US housing bust getting worse

Americans have shown a complete lack of self-control. The personal savings rate is at its lowest point ever, and has actually been negative since April 2005. "We believe that housing will soon become the proverbial 'straw that breaks the camel's back'," said David Kostin, the investment bank's US strategist.

Posted by cheeky charlie @ 04:46 PM (1726 views)
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