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 Posted 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. Posted 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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See also
How Banks Can Rebuild Customer Confidence
What’s Next for Banks?
Why Gas Prices Are Soaring
What the New Congress Means for Business
The Real Impact of Illegal Immigration
A Minimum Wage Hike: The Real Impact
http://www.gallup.com/poll/27631/Will-Subprime-Meltdown-Contained.aspx

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