Originally Posted by
Icarus2001
Name three builders that have gone "belly up" this calendar year.
A real estate slump is not a recession is it.
read the courier mail last Friday. Big builders it says.
Going to be far more than a real estate slump. 23 financial institutions(apart form big 4 who have govt guarantees) had their credit ratings downgraded yesterday. Don't you read the news ?
Another GFC perhaps ?
Todays events in UK, will hurt airlines that are already struggling.