Microsoft Cuts 3,000 Jobs, Mulls Additional Lay Offs

[halogamer1989]

hanafuda said:

kowenicki said:
@halogamer

The problem in Japan is a whole lot bigger than just the exchange rate... their economy is royally fucked. It is basically a bankrupt country.

 

Not as bad as the UK, whose economy was based on a massively inflated housing market.

Same here hanafuda although the majority of US housing still is financed via prime loans and private investment (no mass govt involvement like the UK for housing yet)  The Community Reinvestment Act really screwed up the housing appreciation rate/inflation coorelation.