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Tuesday, September 2, 2008

Alice's bubble wrap

British Government Takes Steps To Revive Housing Market

The WSJ reacts to Darling's rescue plan.

UK heading for recession this year.

It looks like we are going alone.

UK average 2-yr mortgage rate back at pre-crunch levels

So why is the government giving free loans to first time buyers?

International developer ignores oversupply in Bulgaria and announces major new residential project

Such bravery!

Lehman Brothers and a Brief History of ‘Bad Banks’

Misbehaving students are sent to detention. Unpleasant mortgage assets get shuffled off into “bad banks.”

When did they find out about the credit crunch?

Some FT headlines from last summer.

Edinburgh House Prices Fall for First Time in at Least 37 Years

The last holdout finally crumbles. The housing crash reaches Scotland.

Korea: On Verge of a Currency Crisis?

A possible re-run of the 1997 East Asia crisis. The Won is on the slide.

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