Friday, June 17, 2011

This MUST affect house prices

IMF cuts U.S. growth forecast, warns of crisis

"The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits". "We have now entered very clearly into a new phase of the (global) crisis, which is, I would say, the political phase of the crisis," Jose Vinals said in an interview in Sao Paulo, where the updates to the IMF's World Economic Outlook and Global Financial Stability Report were published" (Gold is up so he could be right)!

Posted by alan @ 05:03 PM (1935 views)
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8 thoughts on “This MUST affect house prices

  • It sure isn’t going to help the FTSE, not sure about overprice UK housing tho.

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  • box thinker says:

    Is someone under the illusion that the U.S. economy is in good shape? Not long to wait ladies and gentlemen until the complete collapse of everything everywhere.

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  • Moodys just said they are reviewing Italy’s credit rating (Reuters). Italy is much bigger than Greece. Looks like more serious problems for the Eurozone – just like the USA!

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  • Hey, Bernanke has just replied by saying the US needs to “raise the debt ceiling”!

    You help the defecit situation by creating room for more debt – magic!

    ..this time next year, Rodney……!

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  • LOL Techie.

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  • Can you see what it is yet? lol

    Clueless!

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  • general congreve says:

    Things are certainly shaping up. And there was me thinking I’d have to wait until 2013 for the headline act.

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  • Somebody really needs to get the message out to potential first time buyers that they are playing with fire.

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