Thread: [MERGED] World Economy
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Old 21-01-2008, 22:19   #16
SMHarman
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Re: Is reccession in America about to start?
What you need is correction, not recession. A housing market correction is highly likely due to the credit crunch that is currently occurring as affordability of mortgages gets scrutinised and lending requirements get tightened.
I'm in a similar situation but the NY and surrounding area seems to currently be very resilient to the mess over here.
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