Faced with historic levels of debt, falling housing prices, and weaker economy, the pressure on housing would gain momentum as desperate homeowners either hand their keys back to the banks, or simply hit the bid on the best (low) offer they can get. A vicious cycle would set in, threatening to shove the economy into uncharted and unpredictable waters…
October 1st, 2008 | Oliver Garret | 4 comments | Continued
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| All Ordinaries | 4318.900 | ||
| S&p/asx 200 | 4242.800 | ||
| China Shanghai Co | 2344.771 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 9052.07 | ||
| Indu | 0.00 | ||
| S&P 500 | 1351.77 | ||
| Ftse 100 | 5909.13 |
