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Credit Situation in Britain - the news has been out there for a...

  1. JK5
    2,000 Posts.
    Credit Situation in Britain - the news has been out there for a while. Perhaps Australia is a bit slow in reporting this.

    http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/21/ndarling121.xml

    Housing Crisis - is an ongoing problem. Analysts are predicting at least another 20% drop in price. These issues are heavily debated for months. So nothing new here too.

    As for Credit Card and Consumer Crisis - have been hearing these too for a while. The shock factor is almost gone. As the banking system in US has not collapsed - things will return to normal eventually.

 
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