history repeating?, page-2

CBTM, that's a very good article.

Umemployment certain followed the housing crash in that order.

As highlighted earlier, US unemployment current stands at 10%.

The US housing bubble that started bursting more than 2 years ago late 2007 and early 2008.

The ABC (Channel 2) aired the 4 Corners "Mortagage Meltdown" program in September 2007, US unemployment rate was was 4.7% !!!

Unemployment in the US even (as late as) when Lehman Brothers collpased in October 200icle.8 was ONLY 6.5%.

This is why the RE spruikers in Australia (sensing the irony) suddenly started to repeat (a bit like hypnosis) the lame myths of housing shortage (lately they've added the word CHRONIC relfecting their growing desperation).

And guess what, we now have something called IMMIGRANTS as though Pauline Hanson was prime minster a couple of years ago.