Weekly discussion of financial markets, economics, politics, and the media.
A member of Wall Street's Digital Underground since 1995
Friday, May 25, 2007
high risk borrowers and speculators.
Its not that I don’t see how the Real estate slowdown can spill over and crimp the economy as a whole, it’s just that in the past when real estate slowed down interest rates and inflation were higher and raising. I continue to think that with an environment of stable rates and low inflation the damage will be confined mostly to high risk borrowers and speculators.