tag:blogger.com,1999:blog-3782644139927778760.post6859815752842296021..comments2008-03-22T18:46:51.178-04:00Yves Smithhttp://www.blogger.com/profile/03506020285476330865noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3782644139927778760.post-74422344330007958112008-03-22T18:46:00.000-04:002008-03-22T18:46:00.000-04:002008-03-22T18:46:00.000-04:00I would bet my house that us Brits will blame the yanks for the crash. Unfortunately, it's no-ones fault but our own. I have been saying we're due a correction since 2001, and delayed buying til 2006 when I finally bit the bullet. Personally, although my career is in ABS, I'm hoping the market does collapse. That way, I get proven right, and my next rung on the ladder is a heck of a lot cheaper!! On that basis alone, bet it doesn't happen...Tomhttp://www.blogger.com/profile/06585621267924289558noreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-69615823792597942462008-03-22T14:35:00.000-04:002008-03-22T14:35:00.000-04:002008-03-22T14:35:00.000-04:00How much you want to bet the Brits blame us for the crash that follows?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-76739985169566995092008-03-22T14:26:00.000-04:002008-03-22T14:26:00.000-04:002008-03-22T14:26:00.000-04:00So, today's video is to make sure we are getting non-stop go out and buy messages?Deborahhttp://www.blogger.com/profile/05180123507766228764noreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-72569199255497052982008-03-22T09:49:00.000-04:002008-03-22T09:49:00.000-04:002008-03-22T09:49:00.000-04:00How things change.. I remember when retail loans were highly regulated in the UK. In 1979, when I bought( what no handmedowns from family ? - long story - you'd have to get out the violins ) my first car, an used one, with a loan from a bank, I had to have 1/3 down; the loan was negotiated personally with the bank manager no less ( no minions here ) who informed me almost sorrowfully that he'd lend me more but government regulations insisted that I have 1/3 down.<BR/><BR/>Of course I got fleeced by both the used car place AND the bank no doubt ( what nobody to guide me in the ways of the used car and financial loans world ? like I said , you'd have to get the violins out :-) ).<BR/><BR/>-Kskhttp://www.blogger.com/profile/05744393408613566528noreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-18266978890331792722008-03-22T08:55:00.000-04:002008-03-22T08:55:00.000-04:002008-03-22T08:55:00.000-04:00"Debt has mostly been a good thing for Britain. In the hands of free-spending consumers, it fueled economic growth."<BR/><BR/>This is just too stupid for words. Economic growth fueled by debt is make-believe and will be given back.anoreply@blogger.comtag:blogger.com,1999:blog-3782644139927778760.post-26652527527816499312008-03-22T08:40:00.000-04:002008-03-22T08:40:00.000-04:002008-03-22T08:40:00.000-04:00How bad is it?<BR/><BR/>http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/24/cnhouses124.xml<BR/><BR/>Very bad.<BR/><BR/>JohnAnonymousnoreply@blogger.com