- 2000 points in the blink of an eye

Booyah

A MUST see, really. And I mean REALLY !

LINK 18 Jan 2008

Jim Cramer was the only one (excl Peter Schiff) that was telling that the MESS was really BAD.

He talks about a 2000 point drop in the DOW if the insurers go belly up and that can happen in days.

He asks for a 100 basis point rate cut (Jan 18), Monday 22 Jan the FED cuts 75 points, looks like someone was listening after all.

Home prices crash in the United States

It's just a prelude of what will be happening in Europe on a wide scale.
This is a home we visited in July 2006. List price was: $333 000.
Now 12 months later, the same home in the same community costs $265 000.

Prices in Europe have a lot more to fall. A semi detached home in Flanders costs about 200 000 euro (= $284 000) ... Auch that's gonna hurt when prices readjust to inflation.