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Real Estate Disaster

February 6th, 2008 . by excelsis

After the disaster of sub prime mortgage case in USA, the real estate sector of the country has not been recovered yet. The result of economic major scale show that there is still a doubt looking the future of the USA economic condition.

Many economist tell about the possibility of USA recession crisis. It can be triggered by the problem of sub prime mortgage case in the last year.

The sub prime mortgage causes many large financial companies including Citigroup goes to the danger position. The Citigroup will be bankrupt unless they have a lot of capital money injection. Fortunately, the group got new investor in the right time. Read the rest of this entry »

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