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The credit crunch could crush the euro
Telegraph (UK) ^
| December 3, 2007
| By Liam Halligan
Posted on 12/02/2007 5:27:41 PM PST by DeaconBenjamin
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There is more at the jumpsite
To: DeaconBenjamin
The credit crunch is hammering the US, which now faces a likely recession.Not worth reading past the first sentence.
2
posted on
12/02/2007 5:29:26 PM PST
by
facedown
(Armed in the Heartland)
To: facedown
Not worth reading past the first sentence. Correct. Blah,blah,blah,blah,yada,yada,yada!
3
posted on
12/02/2007 5:32:21 PM PST
by
rocksblues
(Just enforce the law!)
To: facedown
Talked to a real estate agent the other day who said the credit market in Atlanta has dried up. House sales are dropping. Care to recompute?
4
posted on
12/02/2007 5:44:39 PM PST
by
saganite
To: saganite
My barber said it hasn’t. My barber is right about a lot more things than most realtors.
5
posted on
12/02/2007 5:47:19 PM PST
by
Larry Lucido
(Hunter 2008)
To: DeaconBenjamin
What a joke - look at the Shanghai index.
This author thinks we’re going to be the only ones feeling pain ?
Not likely.
6
posted on
12/02/2007 5:50:59 PM PST
by
cinives
(On some planets what I do is considered normal.)
To: Larry Lucido
I talk to my barber about fishing and local goings on. I wouldn’t trust him as an expert on the credit market though.
7
posted on
12/02/2007 5:51:36 PM PST
by
saganite
To: cinives
Shanghai is down 22% from it’s peak and with a 55 P/E ratio still, it’s probably got a lot more to fall.
8
posted on
12/02/2007 6:03:20 PM PST
by
rb22982
To: saganite
Location....Atlanta is drying up, no water.
No Joke, Atlanta could be a disaster zone in a few months.
No water means you must exit to survive. It is that bleak, and that simple. What bank would make a loan in Atlanta now? A crazy one. Why are house prices dropping there? You may not be able to flush a toilet there in May or June.
9
posted on
12/02/2007 6:11:54 PM PST
by
PA-RIVER
To: PA-RIVER
You are right but I don’t think that’s the reason for the credit market drying up.
10
posted on
12/02/2007 6:13:42 PM PST
by
saganite
To: saganite
Atlanta is literally facing an exodus next summer if things dont change. Every region has its reasons for falling prices. I have a house in PA, and it continues to hold its value. The region did not spike too fast. Taxes are low.
11
posted on
12/02/2007 6:32:53 PM PST
by
PA-RIVER
To: PA-RIVER
Same where I’m at (western NC) and we’re in the same drought status as Atlanta. That’s one of the reasons I think the credit crunch isn’t related to the weather but instead to over building and speculation.
12
posted on
12/02/2007 6:35:53 PM PST
by
saganite
To: facedown
I swear, everything from the other side of the pond which involved either economics or politics is so insidiously lopsided and wrong its beyond random probability and borders on criminality.
13
posted on
12/02/2007 6:42:07 PM PST
by
bpjam
(Harry Reid doesn't even have 32% of my approval)
To: Larry Lucido
Met a realtor at Radio Shack today....working as a register clerk.
At least he has a job.
14
posted on
12/02/2007 7:00:31 PM PST
by
spokeshave
(Hey GOP...NO money till border closed and criminal illegals deported)
To: PA-RIVER
Taxes are low?> LOW?!? In PA? Are yo nuts? I lived there for a few years. I got a tax bill for my wife. Her occupation tax as a HouseWife! Sales tax, school tax, Borough tax, Sinking tax, Income tax, County tax. Bah, I moved to TN. Now theres some low taxes.
15
posted on
12/02/2007 7:11:56 PM PST
by
RoadGumby
(Ask me about Ducky)
To: DeaconBenjamin
The ECB will do what they always do, lie.
They will make up the numbers to do whatever they want.
16
posted on
12/02/2007 7:38:46 PM PST
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: bpjam
...so insidiously lopsided and wrong its beyond random probability and borders on criminality.Nah, just jealousy.
17
posted on
12/02/2007 7:48:32 PM PST
by
facedown
(Armed in the Heartland)
To: longtermmemmory
The ECB will do what they always do, lie. They will make up the numbers to do whatever they want.
Sticking their heads in the sand will not solve the problem.
To: DeaconBenjamin
(sarcasm on)
LA LA LALLALALALALALALA
I CAN”T HEAR YOU
LALALALALALALALALALAAA
(sarcasm off)
19
posted on
12/02/2007 8:06:57 PM PST
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: DeaconBenjamin
20
posted on
12/02/2007 8:09:56 PM PST
by
Amazon7
(FR is my homepage.)
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