Sub Prime Market In The USA

August 8th, 2007

Macquarie Bank is down 20% from it’s all time highs a fortnight ago.  This was mainly caused by concerns on the creditworthiness of consumers taking out Sub Prime loans in the US.  However, you shouldn’t cry for the bank here.  This is the reaction from Jim Cramer on CNBC about the market in the US at the moment.  Armageddon!

Posted by IMI Trust Pit Crew Filed in Financial Services, Expenditure, Strategy, Defeat, Social Agenda, Stock Market

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