Quote:
Originally Posted by soothappens
How far in debt are you guys to nations like say .....maybe China ? May have a bit to do with it as well . 
The mortgage deal is nice makes sense.
How over inflated were the property values ? The property values here in Texas rose only about 2-3 % during the bubble therefore we were able to recover from the housing slump faster. Economy is doing fairly well here.
Lessons learned from the mid 80's housing boom / bust . |
Our current debt-to-GDP ratio is decent among the G10 nations. Currently. We have issues to face to keep it there.
Properties were not that over-inflated, we didn't really have the big boom and bust the US had. There was lots of media hype at the start and lots of talk about recession...but as it happened we kind of looked around and realized we were far more insulated from the effects than we had likely initially thought.
The US was the only G10 nation to not have some form of universal health care. A bill/action like this was necessary, IMO. Hope it works out for the US!
__________________
Chris
2007 E550 4Matic - 61,000 Km - Iridium Silver, black leather, Sport package, Premium 2 package
2007 GL450 4Matic - 62,000 Km - Obsidian Black Metallic, black leather, all options
1998 E430 - sold
1989 300E - 333,000 Km - sold
1977 280E - sold
1971 250 - retired
"And a frign hat. They gave me a hat at the annual benefits meeting. I said. how does this benefit me. I dont have anything from the company.. So they gave me a hat." - TheDon
Last edited by Zeus; 03-22-2010 at 10:04 AM.
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