14 June 2007

The Subprime Meltdown Will Burn Everyone

Gallup's chief economist warns that the recent mortgage crisis will have a dramatic ripple effect

A GMJ Q&A with Dennis Jacobe, Ph.D., Gallup’s chief economist
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Think the recent mortgage crisis is yesterday's news? Think again. Gallup's chief economist warns that it will have a dramatic ripple effect on the economy well into the future. Executives, managers, and investors: Beware.
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Reader Comments
James Riley on 6/14/2007 2:05:44 PM

I believe in the near-long term this will lead to lower interest rates for the buyer improving new construction and home ownership. Every down side has an up side. There are other benefits as well. There will possible be cheap properties for purchase by real-estate investors.

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Dave K. on 6/19/2007 4:28:57 PM

I believe there's a typo in the article; the Federal Reserve Board is referred to as the "Federal Research Board".

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http://www.gallup.com/poll/27631/Will-Subprime-Meltdown-Contained.aspx

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