I'm realistic -the subprime problem in the US is going to cause further fallout IMO.
"Kasriel said the additional hit to real estate from the subprime meltdown is likely to mean serious problems for the economy overall.
"Housing has played a very large role in this expansion and one of the reasons it's played that role is there has been a change in the mortgage market," he said. "This has been a credit-induced housing boom that lifted other sectors of the economy and it's all in reverse now."
correction not done with yet, page-11
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