US property malaise hits home
The long reach of the American economy hit home last week.
The long reach of the American economy hit home last week. The inability of people with poor credit ratings in Idaho and Iowa to make their monthly mortgage repayments cost thousands of Irish equity SSIA investors’ money.
We’ve seen Irish share prices fall before, on the back of some distant global economic event, but the American sub-prime mortgage crisis could be a signpost to a more lasting economic problem closer to home. Last week,...
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