Friday, November 04, 2005
US National Debt & The Housing Bubble
The US National Debt just reached 8 trillion dollars or 8,000,000,000,0000 dollars . The debt is sucking up investment dollars. Mortgages compete with the US National Debt for investment dollar. The credit bubble has always been a signifcant factor enabling the housing bubble. As credit continue to tighten ( higher interest rates, higher credit standards, etc ) it puts downward price pressure on housing.
Posted by David at 1:52 AM