Credit Crisis may be abating but house property downturn in US and UK may last more than six years
Apr 28th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Credit Crisis: Across Wall Street, the turmoil that for months racked bond and stock markets now shows signs of abating, a signal, albeit tentative, that the worst of the credit crisis might be passing. But the last house property downturn in the US and the UK lasted some six years and it is claimed that this time, this is more like a best-case scenario.