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What does Europe know that we don't?

Started by tenemental
almost 19 years ago
Posts: 1282
Member since: Sep 2007
Discussion about
http://edition.cnn.com/2007/BUSINESS/09/20/europe.shares.ap/index.html http://edition.cnn.com/2007/BUSINESS/09/19/britain.bank.of.england.ap/index.html I could be wrong, but I get the feeling the Fed's move will prove to be a short-lived band-aid.
Response by drdrd
almost 19 years ago
Posts: 1905
Member since: Apr 2007

Apparently the majority of those ARMs are set to readjust in the spring so that is when the sh*t will really hit the fan. Credit is like a drug ~ the more you have, the more you want.

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