Quote:
Originally Posted by bruce
I'm not too certain about the pair not getting better for that long of a time...Terri Belkas posted some interesting facts on when the majority of sub-prime mortgages were due and many fell around this time to early summer,creating extra stress on financial institutions.
Then things ease off a bit during summer and get hit again a bit in the fall. But hey, the markets will do what the markets will do....
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I hope you/they are right, but my big concern is with the UK lagging 6 months behind the US that puts us out to September before they feel the effects that we're feeling right now. That timing would line up with Terri' assessment. However, we're not out of the woods yet, so how can we predict the end for the UK when we haven't seen our crisis averted? I'm looking towards early 2009 before we see a tapering off and maybe Q2 of 2009 before we see the trend turn around.