It’s not just the UK. They just happened to follow us closely. If you take a look at the international numbers for the housing market, this minimization of risk permeated through all the European countries & Canada.
That’s why I don’t get why people are buying gold & other metals. As soon as the rest of the world realizes their CDOs/MBSs are just as “subprime” as ours, the dollar is going to go right back up relative to other currencies.
UK House Bubble
Northern Virginia Housing Bubble Fallout
Ohio Fraudclosure
Mish's Global Economic Analysis
Bubble Meter
Breaking News
Here’s another UK doomer.
http://www.ft.com/cms/s/0/39fe37f0-bee4-11dc-8c61-0000779fd2ac.html?nclick_check=1
Hutch-
The UK is set to be hit as hard or harder than the US is, and I think is headed downward at an accelerating pace.
Another train wreck to keep an eye on.
It’s not just the UK. They just happened to follow us closely. If you take a look at the international numbers for the housing market, this minimization of risk permeated through all the European countries & Canada.
That’s why I don’t get why people are buying gold & other metals. As soon as the rest of the world realizes their CDOs/MBSs are just as “subprime” as ours, the dollar is going to go right back up relative to other currencies.
DianaK, how would I find this information?
Dan