get back on feet financially

The not appropriate person was given by credit for ownership of the house (with the house guarantee), mortgage credit. Much ease bait that was given, from beginning the teaser’s low flower (was current 1-2 years before changing to the vague flower), paid only flowers et cetera. The request on the house travel by and triggered the price increase of the house. Afterwards, because the price of the house rose. Credit was settled by opening new credit with the number of bigger debts and the price of the new collateral (higher). This that was mentioned home equity extraction, because of having money that was pocketed from the mechanism of this transaction and afterwards was spent. The price of the house to bubble. While the price of the house rose, the situation above still could take place continued. But for that needed the money injection that increasingly for a long time was increasingly big. In other words, the matter like this could not take place continued. When the debtor subprime was finished his honeymoon with the teaser’s flower and must pay the vague flower, they canned and were forced to fail paid. The case of the debt subprime spread. The debtor was forced to hand over his collateral. The bank must auction the collateral subprime. By that, the house just was still springing because many that were not yet finished. There was the break between the occurrence of the case subprime in a stopping manner the development of the new house. Stock of the house are bigger. Then the supply and demand law was valid, the price of the house descended.

For the share market, Bear Market confirmation the version of the Dow Theory has emerged last November 2007. In other words, officially the money market has in the US entered the Bear phase. How long bear market this? Possibly up until 2009 or up until 2011. Depended as fast alignment sectors economic that experienced the distortion until now. How fast mall-investment and bad credit loans could be destroyed.