Friday, April 11, 2008

30% drop, for sure…

British Ounce, US$, Toppled by Tumbling Home Prices

Economic events in the United States often provide a preview of what’s around the corner for the British economy. Both countries run large external trade deficits, and much like the US, the British economy has been expanding on little else than the availability of easy credit and asset price inflation in the housing market.

Posted by harold @ 06:49 PM (361 views)
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