Is this the big one?


	Is this the big one?

JICWyllie

1-3-2008 12:24 PM

311 views

tags:

economy, i-policy, i-recession, i-risks, i-increase

Add a Comment

Login to Comment. Not a member yet? Sign up

Perino: Jobless should just return to the ...

"Our economy will now face death by hyperi...

Abolish the Federal Reserve --- Ron Paul f...

U.S. Economy a Bit Chaotic

It's Called Hubris

An Alternative View of the Recent Bailout

More clips from JICWyllie

Deflation Threat Returns as Asset Markets ...

One in four mammals risks extinction

The free Skype call recorder

Today's Top Clips

visit the Top Clips page

View the Top Clips from January 3, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9890a36f-dfc1-453e-9d57-a29f96330b4d/6402B106-D6CF-4AC1-87E9-C1E479F197A0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.guardian.co.uk/business/2008/jan/03/creditcrunch.houseprices" href="http://www.guardian.co.uk/business/2008/jan/03/creditcrunch.houseprices" style="font-size: 11px;">www.guardian.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/jan/03/creditcrunch.houseprices">Ian Harwood, chief economist at Dresdner Kleinwort in the City, said: "Many investors are viewing the near-term economic outlook with apprehension - in our view, rightly so. No end is yet in sight for the US housing recession, and credit market conditions look set to worsen."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/jan/03/creditcrunch.houseprices">Harwood says the US and Britain may now be about to pay the price for the action taken to avoid recession earlier this decade, when both the Federal Reserve and the Bank of England cut interest rates aggressively in the wake of the dotcom crash. By doing so, they simply replaced the bubble in the stock market at the end of the 1990s with a bubble in the housing market. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/jan/03/creditcrunch.houseprices">L Randall Wray, economics professor</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/jan/03/creditcrunch.houseprices"> says the changes in the financial markets in recent decades have made a full-blown crisis more likely. Freed from the shackles imposed on them after the Wall Street Crash of 1929, banks and investment houses have steadily taken riskier bets, </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6402B106-D6CF-4AC1-87E9-C1E479F197A0/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Blog; Copyright; Privacy; EULA

Search Options

Related Clips

More clips from JICWyllie

Today's Top Clips