Americans have little money on hand and banks aren’t eager to lend anymore,” said Scott Hoyt, senior director of consumer economics at Moody’s Economy.com, which compiled the quarterly outlook report with Equifax.
May 26th, 2008 | Bill Bonner | 0 comments | Continued Our DR Global Editions: 
Monday, March 22nd, 2010
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The Markets
All Ordinaries 4847.50 -42.60
S&p/asx 200 4830.20 -42.00
Sse Composite Ind 3074.58 +6.83
Gold Mar 10 1107.40 +0.00
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Nikkei 225 10824.72 +80.69
DJIA 10741.98 -37.19
S&P 500 1159.90 +0.00
Ftse 100 5602.34 -47.78
2010-03-22 01:36 Most Comments
- Majority of Australians Believe House Prices Will Rise in Next Twelve Months (292)
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- Australian Housing More Unaffordable in 2010 (201)
- Australian House Prices Are Severely and Seriously Unaffordable (184)
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Recent Comments
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No one is saying that owning a house is not a good thing.
I am not even saying that the median ...
SV | 22Mar10 | More -
Sambo,
I've not met or spoken to "gold bug" that CAN listen to and debate the other side of the argument.
My ...
prozak | 22Mar10 | More -
An article from the age nearly 2 years ago...
http://news.theage.com.au/business/mortgage-stress-could-grip-1m-aussies-20080424-28av.html
2 year old article.. House prices have increased, number of loans ...
Stillgotshoeson | 22Mar10 | More -
hmmm.... some very interesting thoughts.
I don't know how some people think China, India, Australia will be fine in the the ...
prozak | 22Mar10 | More -
Hi Justin. I personally don't think anything will extinguish debt, other than perhaps war or currency inflation. The Euro can ...
Sambo | 22Mar10 | More -
Fekete an extremist!?
I think not, the extremists are those passing off debt as the 'ultimate extinguisher of debt'. How can ...
Justin | 22Mar10 | More -
Nobody that is incorporated globally wants to confront the liquidation. There isn't any sovereign or corporation to call in ...
Ross | 22Mar10 | More -
I'd agree that 40 years is too far ahead, SV. Even ten is a stretch of the imagination.
SV: "...if more ...
Biker Pete | 22Mar10 | More -
SV - yeah maybe, but I'd still rather be on the owning side of the situation.
Dan | 22Mar10 | More -
Alas, the lessons will STILL go unlearned by the financial sector. Every single time they are bailed out or 'too ...
Sambo | 22Mar10 | More
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No one is saying that owning a house is not a good thing.
I am not even saying that the median ...
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