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.

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