Mortgage Rates Push US Housing, Economy to "Blood Bath"
The worst is yet to come for the US housing market. "It's a blood bath," said Mark Kiesel, executive vice president of the Newport Beach, California-based Pacific Investment Management Co., and the manager of $668 billion in bond funds. "We're talking about a two- to three-year downturn that will take a whole host of characters with it, from job creation to consumer confidence. Eventually it will take the stock market and corporate profit."
http://www.truthout.org/docs_2006/062007H.shtml
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=housing+market
http://www.truthout.org/docs_2006/062007H.shtml
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=housing+market
rudkla - 21. Jun, 00:34
