It appears that there is a select section of the media and the financial community going round trying to continually come up with reports as to why the American market is ready for collapse. On Monday & Tuesday they were saying that the housing starts would be a shocker and it would continue the slide that has been started by the sub prime loans.
Well the figures are out and not they are saying no the figures that really count are the house sale figures on Friday. It seems to me that they never admit that they are wrong and will continue this crap even though the figures continually prove them wrong.
As for the assertion that the Americans will lower interest rates to prevent or kick start some slow down, if history is a guide then the next movement in interest rates will be up similar to what has happened in Britain, Australia and most other countries that have been through a real estate cycle.
