Sunday, May 4, 2008
Credit crunch over, recession beginning
Buffet sees credit crisis easing
Investment guru Warren Buffett says the worst of the global credit crunch is over for Wall Street, but not for the man or woman on the street.
Posted by morbotheterrible @ 02:03 PM (567 views)
2 thoughts on “Credit crunch over, recession beginning”
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Slysmiles says:
Well, looky here! See who got the bailouts, and who feels the pain. no surprises there then.
denzil says:
Yeah, I think Buffet is right but the damage is done as far as the property market is concerned. The lenders will simply NOT lend the multiples required to keep the bubble alive.