Wednesday, 7 May 2008

News in pics.

A revisit on what the sub prime lending fallout and real estate bubble burst has done to people in US and parts of Europe.

Housing drought hits sales of multi-million pound homes in London as consumer confidence hits four-year low. Almost half of all consumers surveyed believe the economy will worsen further in six months time, twice as many people showing pessimism than a year ago.
I believe this was due and expected and this event will have far reaching effects. One should not expect that we will be out of it very soon!

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