Economic outlook 2008: Darkening clouds
Ludwig von Mises Institute
by Dominick Armentano
01/02/08
Presidential election years usually are not recessionary but next year will be an exception. Several economic factors are colliding in an almost perfect storm to markedly slow the general economy and the stock market. The most important signal flashing recession is, of course, the subprime mortgage fiasco. After years of monetary inflation on the part of the Federal Reserve, individuals and families with poor credit were suckered into low-down-payment/low-interest adjustable mortgages that simply cannot be maintained or repaid under current conditions...
http://www.mises.org/story/2805
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=mortgage
by Dominick Armentano
01/02/08
Presidential election years usually are not recessionary but next year will be an exception. Several economic factors are colliding in an almost perfect storm to markedly slow the general economy and the stock market. The most important signal flashing recession is, of course, the subprime mortgage fiasco. After years of monetary inflation on the part of the Federal Reserve, individuals and families with poor credit were suckered into low-down-payment/low-interest adjustable mortgages that simply cannot be maintained or repaid under current conditions...
http://www.mises.org/story/2805
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=mortgage
rudkla - 3. Jan, 10:37
