[34f3f3f]

Jim, your post reflects my sentiments exactly. There seems a lot of talk about the effect of mortgage securities on global markets, but little on what is happening locally. It is likely that the UK has its own subprime crisis. Not only are wages lower than the US, but houses in say London and the south are very expensive. There is no doubt that borrowing must have been lax. Apparently, Spain is a time bomb waiting to explode. House prices in both Italy and France have seen unprecedented growth. Although lending regulations will vary in tightness from country to country, I would find it hard to believe that low interest rates haven’t led to the flurry of lending we have seen here.

[34f3f3f]

Jim, your post reflects my sentiments exactly. There seems a lot of talk about the effect of mortgage securities on global markets, but little on what is happening locally. It is likely that the UK has its own subprime crisis. Not only are wages lower than the US, but houses in say London and the south are very expensive. There is no doubt that borrowing must have been lax. Apparently, Spain is a time bomb waiting to explode. House prices in both Italy and France have seen unprecedented growth. Although lending regulations will vary in tightness from country to country, I would find it hard to believe that low interest rates haven’t led to the flurry of lending we have seen here.

[34f3f3f]

Jim, your post reflects my sentiments exactly. There seems a lot of talk about the effect of mortgage securities on global markets, but little on what is happening locally. It is likely that the UK has its own subprime crisis. Not only are wages lower than the US, but houses in say London and the south are very expensive. There is no doubt that borrowing must have been lax. Apparently, Spain is a time bomb waiting to explode. House prices in both Italy and France have seen unprecedented growth. Although lending regulations will vary in tightness from country to country, I would find it hard to believe that low interest rates haven’t led to the flurry of lending we have seen here.

[34f3f3f]

Jim, your post reflects my sentiments exactly. There seems a lot of talk about the effect of mortgage securities on global markets, but little on what is happening locally. It is likely that the UK has its own subprime crisis. Not only are wages lower than the US, but houses in say London and the south are very expensive. There is no doubt that borrowing must have been lax. Apparently, Spain is a time bomb waiting to explode. House prices in both Italy and France have seen unprecedented growth. Although lending regulations will vary in tightness from country to country, I would find it hard to believe that low interest rates haven’t led to the flurry of lending we have seen here.

[34f3f3f]

Jim, your post reflects my sentiments exactly. There seems a lot of talk about the effect of mortgage securities on global markets, but little on what is happening locally. It is likely that the UK has its own subprime crisis. Not only are wages lower than the US, but houses in say London and the south are very expensive. There is no doubt that borrowing must have been lax. Apparently, Spain is a time bomb waiting to explode. House prices in both Italy and France have seen unprecedented growth. Although lending regulations will vary in tightness from country to country, I would find it hard to believe that low interest rates haven’t led to the flurry of lending we have seen here.

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[34f3f3f]

Is the bailout bucket going to be big enough to keep pace with the gash in the hull?

[34f3f3f]

There seems to be a lot of chatter about how interest rates are global in their reach, and how other economies will follow the US in a slow down, but I wonder what impact local housing crises will have on a global downturn. I don’t believe the US is unique in having a subprime market. I believe UK lenders have been equal in their willingness to lend well beyond what people can afford, and that the biggest problems are likely to be in Spain. Many countries don’t have access to national data, so these things can creep up on you and go pop before anyone sees them coming. Perhaps when other economies are hurting more, the pressure may be on a strengthening dollar. Mind you a decoupling from the dollar could also happen.

[34f3f3f]

There seems to be a lot of chatter about how interest rates are global in their reach, and how other economies will follow the US in a slow down, but I wonder what impact local housing crises will have on a global downturn. I don’t believe the US is unique in having a subprime market. I believe UK lenders have been equal in their willingness to lend well beyond what people can afford, and that the biggest problems are likely to be in Spain. Many countries don’t have access to national data, so these things can creep up on you and go pop before anyone sees them coming. Perhaps when other economies are hurting more, the pressure may be on a strengthening dollar. Mind you a decoupling from the dollar could also happen.

[34f3f3f]

There seems to be a lot of chatter about how interest rates are global in their reach, and how other economies will follow the US in a slow down, but I wonder what impact local housing crises will have on a global downturn. I don’t believe the US is unique in having a subprime market. I believe UK lenders have been equal in their willingness to lend well beyond what people can afford, and that the biggest problems are likely to be in Spain. Many countries don’t have access to national data, so these things can creep up on you and go pop before anyone sees them coming. Perhaps when other economies are hurting more, the pressure may be on a strengthening dollar. Mind you a decoupling from the dollar could also happen.

[34f3f3f]

There seems to be a lot of chatter about how interest rates are global in their reach, and how other economies will follow the US in a slow down, but I wonder what impact local housing crises will have on a global downturn. I don’t believe the US is unique in having a subprime market. I believe UK lenders have been equal in their willingness to lend well beyond what people can afford, and that the biggest problems are likely to be in Spain. Many countries don’t have access to national data, so these things can creep up on you and go pop before anyone sees them coming. Perhaps when other economies are hurting more, the pressure may be on a strengthening dollar. Mind you a decoupling from the dollar could also happen.

[34f3f3f]

There seems to be a lot of chatter about how interest rates are global in their reach, and how other economies will follow the US in a slow down, but I wonder what impact local housing crises will have on a global downturn. I don’t believe the US is unique in having a subprime market. I believe UK lenders have been equal in their willingness to lend well beyond what people can afford, and that the biggest problems are likely to be in Spain. Many countries don’t have access to national data, so these things can creep up on you and go pop before anyone sees them coming. Perhaps when other economies are hurting more, the pressure may be on a strengthening dollar. Mind you a decoupling from the dollar could also happen.

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