Thursday, September 4, 2008

the full blown banking collapse and the deep recession are not yet manifest.

In The Eye of The Storm

We have long warned our readers of a coming real estate crash which would then lead to a credit crunch, and eventually a major round of bank failures. We have argued that these developments would be the precursors to a major recession, and perhaps a depression. As predicted, the collapsing values of bonds backed by subprime mortgages did indeed lead to a collapse of the entire mortgage market, a bank liquidity crisis, a credit crunch and a steep fall in consumer confidence. This was the first leg of the storm, but the full blown banking collapse and the deep recession are not yet manifest. The conventional wisdom holds that the bullet has been dodged.

Posted by malct @ 10:59 AM (656 views)
Please complete the required fields.



6 thoughts on “the full blown banking collapse and the deep recession are not yet manifest.

  • Yes. In my opinion we are in the denial phase again…like the one we had from March to early May.

    Reply
    Please complete the required fields.



  • Sorry to post again…what is very informative is to look at share price indices during the great depression. It looks like a bumpy set of steps iirc…crash…ah, we are past the worst…crash…ah, we are past the worst…crash…ah, we are past the worst…

    Reply
    Please complete the required fields.



  • The trouble with all of these goom and gloom forecasts is that they’re invariably written by gold bulls, people with a vested interest in talking down investments other than gold.

    Reply
    Please complete the required fields.



  • one less B&B available soon ?

    lifted from intro above

    and eventually a major round of bank failures. – but the full blown banking collapse – not yet manifest — yet!

    Reply
    Please complete the required fields.



  • jamonit @ 3 Schiff is a europhile rather than a gold bull. I think his view is a bit distorted…viewing the world outside of his American home through rose coloured lenses. However, if you happen to think that things are as bad as some of think they are, then it is hard not to be a gold bull…or at least be looking around for some form of hard real commodity to own rather than pieces of paper (shares/bonds/cash).

    Reply
    Please complete the required fields.



  • Those that have waited to buy a house (me included) are between a rock and a hard place. I am nervous about the value of my cash and want to acquire real assets to mitigate the risk, but houses are still too expensive. If money tanks, then the trick will be buying a house before cash devalues, but after the majoriy of the fall in house prices.

    I already have my ear to the ground and will probably buy next Summer.

    Reply
    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>