Home Prices Fall by Sharpest Annual Rate Ever
The Associated Press: "Home prices tumbled by the sharpest annual rate ever in August, with little indication of a turnaround in sight, a closely watched index showed Tuesday. The Standard & Poor's/Case-Shiller 20-city housing index dropped a record 16.6 percent from August last year, the largest drop since its inception in 2000."
http://www.truthout.org/102808D
The Plastic Trap
Dominique Nora, Le Nouvel Observateur: "After houses, consumer credit? While bankers plug up as best they can the breaches created by the mortgage earthquake, another bubble threatens them: Americans have been living their dreams on credit. And, having overheated their cards, millions of households will have problems making their payments ..."
http://www.truthout.org/102808E
http://freepage.twoday.net/search?q=home+price
http://freepage.twoday.net/search?q=mortgage
http://www.truthout.org/102808D
The Plastic Trap
Dominique Nora, Le Nouvel Observateur: "After houses, consumer credit? While bankers plug up as best they can the breaches created by the mortgage earthquake, another bubble threatens them: Americans have been living their dreams on credit. And, having overheated their cards, millions of households will have problems making their payments ..."
http://www.truthout.org/102808E
http://freepage.twoday.net/search?q=home+price
http://freepage.twoday.net/search?q=mortgage
rudkla - 28. Okt, 23:49
