Filed in archive
markets
by leon on April 8, 2009
Don't listen to the talk about "green shoots" in the US economy. Dr Doom, Nouriel Roubini, is expecting more bad news. All the stimulus packages are doing, he says, is slowing down the rate of decline.
The latest dat seems to support with Bloomberg reporting a steep decline in the the use of credit cards and Reuters reporting that 7% of homeowners with mortgages were at least 30 days late on their loans in February, up 50% from a year ago. The scary part behind those mortgage delinquencies comes when you break down the figures further. According to the data, 39.8% of subprime borrowers were at least 30 days behind on their home mortgage loans, up 23.7% from last year.
Green shoots? No, if that information is right, things are going from bad to worse.
Permalink: More bad news ahead, says Roubini
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/148496
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for More bad news ahead, says Roubini:
|
Rating: 7.75 out of 4 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
