Re: How will the subprime crisis ultimately affect our country?
another thing worthy of note:
the recent growing global markets and high employment rates here at home will provide some cushion from reduced spending resulting from high credit costs and th subprime mortgage meltdown.
further, the biggest impact so far has been localized, in relative terms, to financial markets, that, while still impacting the economy, don't have the same impact a bank run/panic or manufacturing crisis would ahve.
Barron
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