The Oil Drum | Have We Reached an Inflection Point in Economics …

Posted on June 26, 2009
Filed Under Home, Loans, business |

Commercial real estate is contracting painfully, with prices plunging and vacancies and defaults soaring. Meanwhile, consumer credit defaults are still rising, even as rising interest rates have snuffed out the resurgence in home -buying. …… Banks are hoarding reserves. Customers aren’t borrowing and those that are are simply rolling over existing higher rate loans

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The Oil Drum | Have We Reached an Inflection Point in Economics …

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Technorati Tags: consumer-credit, even-as-rising, Loans, money-costs, real estate, resurgence, rising-interest, snuffed-out, still-rising, suggests, the-resurgence

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