Mortgage and Financial News From 2008-4-8 Page 8
Previous Day: 2008-04-07
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Is Another Depression On The Horizon? (Forbes)
The current economy seems eerily reminiscent of America in the 1920s and '30s.
2008-04-08 03:24:34 -
A buck that can't be passed (International Herald Tribune)
There is enough blame to go around for the global housing bubble, but give Alan Greenspan and the U.S. Federal Reserve their due: they did more than their share.
2008-04-08 03:25:49 -
Biggest house price plunge for 15 years (Times Online)
House prices in Britain plunged last month by the worst figure since the financial crisis in the early 1990s.
2008-04-08 03:28:56 -
Credit crunch: Pinpointing the boom's turn into a nasty bust (Times Online)
At last, a tipping point is looming for Britain's national obsession: the housing market. The long boom in residential property prices has clearly been over for months, with volatile moves up and down in prices pointing to the market's shaky foundations.
2008-04-08 03:29:18 -
British house prices fall sharply in March (The Globe and Mail)
Drop at the sharpest pace since the recession in the 1990s
2008-04-08 03:43:22 -
House prices plunge 2.5% in biggest monthly fall since 1990s' crash (Evening Standard)
House prices fell by 2.5 per cent in March - the biggest monthly decline since the property crash in 1992, the Halifax revealed this morning.
2008-04-08 03:43:29 -
British house prices fall sharply in March (The Globe and Mail)
LONDON — British house prices fell in March at their sharpest pace since the recession of the early 1990s, the country's largest mortgage lender said on Tuesday, raising expectations that interest rates will be cut this week.
2008-04-08 03:44:47 -
UK house prices have steepest drop since 1992 (Daily Telegraph)
House prices across the nation saw the largest monthly fall since 1992 last month, according to Halifax, which cut its annual forecast for average prices today signalling more gloom for Britain's property market.
2008-04-08 03:48:48 -
UK housing bubble is bursting and it's serious (Daily Telegraph)
Prior to the events of last summer, the UK had undergone the biggest investment boom since the late nineties. This was not the promise of new technology that will revolutionise business and increase profitability, like the dot-com bubble. Instead, the latest craze is something you can paint magnolia and turn over at a 15pc profit - housing.
2008-04-08 03:48:58 -
Foreclosure Chasers (ABC 7 Chicago)
They claim they'll save your home if you're being foreclosed on, but local authorities say most so-called foreclosure rescue services are rip-offs.
2008-04-07 08:25:11 -
THAILAND-BOND/CALENDAR = 2 (Reuters via Yahoo! Malaysia News)
ISSUE DATE NOT YET SPECIFIED
2008-04-07 08:57:19 -
Home crisis, weak dollar fuel US recession and recovery - Feature (EARTHtimes.org)
Washington - It was the dot-com bubble that sparked the last recession in the United States in 2001. This time, it is the housing market fuelling an economic crisis that some believe could be the most severe since World War II. The picture is dauntin...
2008-04-07 10:17:07 -
Economic indicators point to recession (North County Journal)
Is there a recession? Robert Sorensen, professor of economics at the University of Missouri-St. Louis, said all of the signs are there.
2008-04-07 10:58:00 -
Our View: Best action would be no action (Appeal-Democrat)
Psychologists speak of what they call an action bias: In the face of a traumatic experience, most people have a strong impulse to do something, even when the action produces an outcome that leaves you worse off than before. The impulse arises in most of us, but it seems stronger in politicians.
2008-04-08 12:07:25 -
Survivor takes her story to the airwaves (Portland Tribune)
What’s it like to be shot in the head? Very few people can answer that question firsthand, but Portland resident Lonnie Feather can, and she is telling her story next week on A & E Television Networks’ Biography Channel, on a new show called “I Survived … .” The ...
2008-04-08 12:11:31