Is US subprime credit still a financial problem for global economy?

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Is US subprime credit still a financial problem for global economy?

2007-09-05 01:14:14 · 2 answers · asked by fatam 1 in Social Science ➔ Economics

2 answers

Anytime there is debt that is not recoverable it constitutes a problem.

2007-09-05 03:24:49 · answer #1 · answered by Lawrence E 4 · 0⤊ 0⤋

No, not every subprime debtor will default. There will be some foreclosures, but every foreclosure is housing bargin/flip for someone. Life will go on.

2007-09-05 05:48:00 · answer #2 · answered by michinoku2001 7 · 0⤊ 0⤋