tizzie, those were totalitarian governments. those arnt the socialists countries you see thriving now with a healthy currency, productive and happy citizens.
just give it time they will go down with us too
almost every country worldwide has a housing bubble
the gloom and doom coming is a worldwide event not a US event.....
here's some news tonight outta happy socialistic euro land
Europe
Bloomberg Financial News
Barclays Plc, the U.K.'s third- biggest bank, said first-half profit fell 34 percent as securities trading declined and credit writedowns increased.
Deutsche Telekom Profit Unexpectedly Drops 35% on Strong Euro, Debt Costs.
Axa SA, Europe's second-biggest insurer, said first-half profit declined 32 percent
Allianz SE, Europe's biggest insurer, abandoned its earnings growth forecast after losses at Dresdner Bank led to a 29 percent drop in second-quarter profit.
Nestle Profit Rises at Slowest Pace in Four Years.
Trichet Confronts 'Extremely Dangerous' Inflation in Lufthansa Wage Rises.