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With the sub-prime mess and the mortgage companies going broke and the stock market falling is this leading to a recession. Or just a industry slow down for housing related jobs
What are you doing to prepare and how long till recession gets bad?

2007-08-12 08:13:48 · 3 answers · asked by Anonymous in Business & Finance Other - Business & Finance

Leave out the politic crap that does nothing for the answer.

2007-08-12 08:33:18 · update #1

3 answers

I really don't think so.
The sub-prime mess has to do entirely with bad mortgage loans. I hate to say it, but frankly, if those mortgage companies made bad loans and someone invested their money in them by buying the loans, then I have no simpathy for either the lendor or the investor. If they fail, so be it. I'm tired of my tax dollar being used to bail-out everyone out who makes stupid investments.
That having been said, no, I don't think it's serious enough to cause a recession. However, I am one who would like to see interest rates increase marginally. Remember, whenever someone is helped by low rates, there is an equal or greater number of people who are hurt by low rates. Consider all the retired folks on fixed incomes who now have so little income from their savings they are eating dog food. Guess that's another topic, eh?

2007-08-12 08:54:16 · answer #1 · answered by copious 4 · 0 0

sooner or later, yes.

atm, my bet would be on later.

sub-prime is thought to be at most a 150 to 200 billion issue. there are individual banks out there with that much in capital, so we're not talking a widespread collapse here, just a few of the weaker sisters with poor business practices.


GL

2007-08-12 15:42:23 · answer #2 · answered by Spock (rhp) 7 · 0 0

Definatley! WIth our great "leader" (LOL) we have seen foreclosures and bankruptcies rise! Gas prices are outrageous and people cant make ends meet! I think we need a president that will help lead us out of this mess and help turn teh country back to where it was in 2000!!!!

2007-08-12 15:23:13 · answer #3 · answered by kaytee3212 6 · 0 2

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