Hard US lessons, harder landings
The US is beginning to unwind the largest housing bubble in modern history. There will be upswings and local exceptions and wide regional and price variations. This changes nothing. Hundreds of billions of dollars in household access to cash and debt from refinancing, equity extraction, home equity lines of credit and house flipping will dry up.
http://www.atimes.com/atimes/Global_Economy/HK21Dj02.html
From Information Clearing House
http://www.atimes.com/atimes/Global_Economy/HK21Dj02.html
From Information Clearing House
rudkla - 22. Nov, 11:48
