Is the US sub-prime mortgage marketplace REALLY the impose of the Credit Crunch?
Answers:
part of it
another part is the certainty american's got greedy and bought bigger houses than they could afford. bought fancier cars and more toys than they could afford too.
they then call and defaulted on all that they bought or get it to only 65% of the payment. logically business are going to then fail or own to start charging more...
it's a vicious cycle when you bit off more than you can chew!
look at the new GM ad's - we'll salary your payment of up to $500 if you loose your job.................if you are contained by a job you might end up loosing - what are you doing buying a coupé that has a $500 monthly note?!?!?
My theory is that when Gordon Brown gave the Bank of England Independence and the british public be allowed to spend, spend and spend without any limits, the outside world including America thought that this be a wonderful way to run an economy. The Americans jump on the bandwagon but because their economy was much larger than the UK they collapsed first. Gordon Brown cause the problem but now he will blame the whole world to cover up his folly. The problem started here surrounded by the UK and close scrutiny of events from when New Labour came into power would show that wide amount unsecured debt started at number 11 Downing street London
I Totally agree next to Marysia
And also add that People need to realise that the Rich will not hand over you "Your Better life" for nothing they want Interest that way you will never Become richer than them it is not contained by their interest
No, it is basically one part of the problem. Most of the problem relates to worthless investment products that companies like AIG developed for the purpose of money-laundering. ∠°)
Your first answer from Angela is correct. It is portion of the problem but not the sole problem.
No, that be just the immediate trigger. Central bank, fiat money and governments spending more than they have created unsustainable bubbles across the board.
Well it's a percentage of the problem, but a hulking enough one to become a Catalyst for the deterioration of the economy.
If not the cause, it is the basis. Angela Q is cute as hell, though, so I ponder I'll just agree with her!
The Bank Of International Settelements, Basel, Switzerland the "Central Banks of Central banks enjoys almost complete freedom from scrutiny surrounded by the mass media - just resembling the masses of facts which contradict the official story of 9/11 do too!
Are seeing seeing another spontaneous "collapse" or a controlled demolition here as in good health you might wonder?
Yes.Really!
Related Questions: