Thursday, August 16, 2007

Markets keep dropping.

So much for the subprime problem being 'contained'. Marco sent in these links to coverage of the ongoing fallout from the US housing market problem:

-Coventree's problems continue: can't find buyers for debt.
-Vancouver based mine developer Redcorp Ventures caught up in credit mess.
-The credit crunch is global.
-But hope looms in talk of a Canadian bailout.
-Meanwhile down south: US housing slump starts in July

How much longer will our real estate market exist in a vacuum?

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