Relevant:
- The Negative Feedback Loop of the Housing Crisis and the Credit Crunch
- Banana Republic Watch: Credit Default Swaps on Russia Cheaper Than on California
- The Credit Crunch – In 2008 The Worst May Keep Getting Worse
- Meredith Whitney on Credit Cards
- Summer Rerun: Japan Says US Financial Crisis Worse Than Its Bust, Urges Government to Recapitalize Banks
2007-09-10 — www.spiegel.de
"Steep housing prices and a dependence on financial services make its economy vulnerable. Some predict a blow to credit might even be worse -- much worse -- than in the US."
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