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Posts Tagged ‘crisis’

Bank troubles spread: credit housing economy intertwined

Posted by bert5 on 8 September 2007

BW / Economist Seems what I previously hypothesized about jobs may have come to pass. But was it expected? Perhaps, says NYT.

# aug 16 post below

Link I would think that financial companies are the ones with the most trouble, having the actual bad loans on the books. But the general market place is taking a very serious beating right now. I guess the idea is that the overall economy is going to be hurt with the scarcity of money and credit. I wonder how bad this is going to be. Perhaps the market needs to unwind the whole easy money mentality of the past decade in this one summer.

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