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GLG News by Operative Builders and Developers (Mexico, Costa Rica, and South America)

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October 2, 2007
Impact of the subprime market machinations not likely to effect offshore investments
Analysis of: Trapped by the Mortgage Meltdown | money.cnn.com
Author: GLG Expert Contributor
The supply of resale homes in the USA is the highest it has ever been, demand has all but disappeared, and foreclosure rates are also setting records. 1. The most concrete evidence of the start of a down cycle is when lenders pull capital out of the market. Currently, sub-prime lenders are collapsing,...

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