Monday, April 2, 2007

Credit Crunch Starting in the US

Subprime Mortgage Bond Sales Plunge as Loan Delinquencies Soar

Evidence that the credit crunch is well underway in the US. If you have read Kindleberger's ""Manias, Panics and Crashes: A History of Financial Crises", you will know that this is how booms end and busts begin - demand dries up because banks can't get the money to lend. How long before similar UK stories? My guess is within 3 weeks.

Posted by royston @ 01:43 PM (401 views)
Please complete the required fields.



One thought on “Credit Crunch Starting in the US

  • And there are still t*ats out there in the UK that think 1+1=3

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>