Saturday, March 29, 2008

“A long drawn-out grinding decline”

John Authers: Contrary to your expectations

"Mortgage lenders, most recently Nationwide, the nation’s second biggest, are deliberately raising rates to make themselves less competitive. This is the very definition of a credit crunch, and it is only just starting." John Authers, one of the few financial journalists whose analysis carries weight.

Posted by letthemfall @ 09:44 AM (596 views)
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