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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (38664)9/22/2003 7:54:58 PM
From: Jim Willie CB  Respond to of 74559
 
Europe is more prepared for economic recovery than USA
you have not built new bubbles in bonds and real estate
or any bubbles that have been built are orders of magnitude smaller and less harmful

I exclude England from that comment
all English-speaking nations have copied US insane mortgage finance models and will pay the consequences
their individual real estate bubbles will each dissipate, hurting the economies, one and all

if this writer is implying that England will recover, he is nuts

good info and data
/ jim