Article

2008-10-02 Home Front Economy

European banks have turned out to be deeper in debt than their US counterparts.

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by 3dc 2008-10-02 09:24|| || Front Page|| [2 views ] Top

#1 So do we counter-gloat now, or should we just leave it alone?

Posted by Jonathan 2008-10-02 09:53|| 2008-10-02 09:53|| Front Page Top

#2 The headline is not unexpected - European homes are far more inflated price-wise - absolutely and related to income - than American ones. In fact, the US housing bubble (3x historical valuations relative to income) was rationalized by comparing it to European valuations.

Posted by Zhang Fei 2008-10-02 11:06|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-10-02 11:06|| Front Page Top

#3 Yep. Watch HGTV House Hunters International and you see prices in the outlands in Europe, not the major metro areas, going for the same high price per square foot for something just as small in the middle of New York or SanFran. Knowing that they have even less disposable income than we do, it never seemed to make sense.

Posted by Procopius2k 2008-10-02 12:31|| 2008-10-02 12:31|| Front Page Top

#4 Remind me again of why these people are our friends.

Posted by Richard of Oregon 2008-10-02 14:46|| 2008-10-02 14:46|| Front Page Top

#5 In their unending need to prove they are better than us, they have proved they can make bad housing loans at a level Americans can't hope to match.

Congrats, you really ARE better at something.

Posted by no mo uro 2008-10-02 20:22|| 2008-10-02 20:22|| Front Page Top

#6 Some Netters are accusing the US of engaging in BANKING/FINANCIAL TERRORISM AND IMPERIALISM, and also FOOD TERORISM-IMPERIALISM vee CHINA'S MELAMINE CRISIS???

World-conquering OWG USSA, versus Weak Anti-sovereign OWG Global SSR/United Socialist Republiks of Amerika Rising!?

D *** NG IT. BOYZ, MCDONALDS IS CHANGING THEIR DOLLAR DISCOUNT PRICE-MENU - THE STAATBUREAU WANTS TO BECOM THE GLOBAL BUREAU. WITFH IS GOING ON AROUND HERE [humor]!?

Posted by JosephMendiola 2008-10-02 21:43|| 2008-10-02 21:43|| Front Page Top

23:45 Spanky Jairong5704
23:17 JosephMendiola
23:16 ryuge
23:11 Abu do you love
23:10 JosephMendiola
23:09 Abu do you love
23:09 trailing wife
22:52 Frank G
22:41 JosephMendiola
22:38 Abu do you love
22:37 Pappy
22:31 JosephMendiola
22:22 tipper
22:16 Mike N.
22:12 Anonymoose
22:04 Anonymoose
22:03 Rambler in Virginia
22:01 Abu do you love
22:00 Barbara Skolaut
21:54 Zhang Fei
21:50 JosephMendiola
21:49 Mike N.
21:48 JosephMendiola
21:45 Abu do you love