The financial crisis in the United States has reached a new level. Until a few days ago, when we talked about the most prestigious financial institutions and investment funds. Bankruptcy - Bear Stearns, the fifth largest investment bank in the world has fallen. The bank JP Morgan Chase has gathered the debris of this fallen giant. Interestingly, luxury real estate investments are not affected being affected by the financial crisis. Preconstruction condo projects in Panama and the Caribbean are booming.In Belize, for example, Belize Condos have become extremely popular for those individuals both looking to retire and at the same time invest. Panama real estate continues to be viewed as a solid financial investment. Wall Street in the meantime has been shaken by the Bear Stearns collapse. And the effect from this is not just being felt in the United States. Panic and massive sales are the dominating scenarios of the major financial markets. The reasoning is simple: if anything the size of Bear Stearns may fall overnight then there is no active financial stewardship of the crisis.
