Wednesday, July 11, 2007

I’ll have a bit of that

S&P fears credit crunch as mortgage crisis hits house prices

Fears of a global credit crunch grew yesterday after Standard & Poor’s predicted that house prices in the United States would plunge 8 per cent this year, dragging down America’s capital markets and hitting economic growth.

Posted by holding out @ 09:14 AM (440 views)
Please complete the required fields.

One thought on “I’ll have a bit of that

  • dohousescrashinthewoods says:

    I suspect they are understating the case to shore up confidence.
    Remember last year? Every month there were reassurances that the housing market had hit bottom and every month it got worse.
    I have taken to using my head rather than press releases to guide thinking – what a revolutionary idea.

    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
  • 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Your email address will not be published.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>