Friday, Sep 21, 2007
It Aint Over Till The Fat Lady You Know What
cbsnews.com: The Housing Bubble Pops
The housing market is in its worst downturn since the Great Depression -- and it's taking the rest of the economy down with it. Most forecasters insist there won't be a recession, although the August job losses forced even optimists to acknowledge that the meltdown is causing serious economic problems. (When it comes to recessions, the professionals seem to be the last to find out: On the eve of the last downturn, in the fall of 2000, all the Blue Chip 50 forecasters predicted solid growth for the following year.)
Posted by chris @ 03:09 AM (136 views) Add Comment
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