On 11/16/2008 2:13:10 PM, John Williams ([EMAIL PROTECTED]) wrote: > On Sun, Nov 16, 2008 at 11:51 AM, xponentrob <[EMAIL PROTECTED]> > wrote: > > > The other problem, one that is often overlooked over here, is that this > > situation is basically occurring worldwide. > > As should be quite clear by now, all global markets are linked. Supply > and demand knows no national boundaries. The "credit crisis" and drop > in stock markets occurred worldwide. It is not hard to see how > artificially increasing the demand for housing in the US can have > global effects. Besides the low interest rates which contributed to > the increased demand, and which are obviously a global phenomenon, US > politicians do not have an exclusive on bad policy decisions. > > > a more likely place to look for the origin of this disaster is > multinationals. > > Certainly plenty of non-US corporations invested in securities and > bonds which were directly or indirectly backed by the US housing > market. [snip] Here are some interesting graphs: http://www.windsofchange.net/archives/long_post_on_fannie_and_freddie_with_graphs.php
xponent Localized Maru rob _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
