Tuesday, September 23, 2008

housing prices can start to rise again and the collapse can be prevented – maybe

Signs Economic Commentary for 22 September 2008

extracts :- The unwavering message of the mainstream coverage of the 'Credit Crunch' is... The impending implosion of our financial system is an unintended consequence of unreasoning, animalistic, undirected greed and fear. No-one could have predicted it. There is no predetermined objective. The people responsible for our great financial institutions are honestly trying to unf*** things as best as they can for the Common Good . - It will shift the banks' liabilities onto the federal government, sharply increasing government budget deficits and the US debt, a process that can only further erode the creditworthiness of the United States and place a bigger question mark on the value of the US dollar.

Posted by malct @ 11:32 AM (507 views)
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Your email address will not be published.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>