American House market isn't yet safe !

Some analysts predict that 2008 will be a very bad year for the American housemarket. Right now there are no signs which indicate on an improvement. According to Eric Rosengren, the situation will probably first deteriorate before it can improve himself. It can not be predicted how deeply the crisis will reach. By intervening as soon as possible on the house market, future problems can be prevented.

what was exactly wrong at the American economy the last months ?

The Americans took for almost 5,655 billion dollar mortgage credits since the beginning of 2000 to June 2007, as a result of which the meter stands in sum on 10,145 billion. Insiders believes that the end of the credit crisis is not yet in visibility.

It’s a consequence that the position of the dollar as world leader at the moment is in danger. But, not everyone is such pessimistic concerning the impact of the dollar value. In the United States John Dessauer indicate on the positive impact of the fall of the dollar value. The reasons that Dessauer says, is in fact very easy. The dollar decreased indeed strongly, but the financial markets aren’t decreasing, in opposite. Over the same period the rate of the Dow Jones has almost doubled and American companies made record profits. And that is also my opinion.

http://www.trends.be/nl/economie/beursnieuws/73-1087-120009

Benjamin