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Is the Housing Market and Subprime Lending Crisis Taking Down All the Economies of the World?
No one likes to hear anymore doom and gloom about the economy, especially here in the real estate sector, where it is intimately up close and personal. However, it looks like the old saying is true: “When the US Economy gets a cough the rest of the World comes down with the flu.” If we look at the stock markets around the world we see most of them off nearly 5% today, yes 5%, where did it all go? It evaporated, its gone. Will it all come back? Well, this was predicted by many global economists.
A Necessary Evil – Inflation In 2008The December consumer price index data was released today in the UK showing that annual inflation remained at 2.1 per cent in the month. Annual inflation has remained at 2.1 per cent for three months now, but is likely to pick up as the year continues, particularly following Monday’s producer price index and continued high price of oil.
