Feds Response To Recessionary Trend May Be Too Late
Posted by admin under: Main Jan 21
Last week’s response, from the Federal Reserve and the White House, through the Congress, may not be enough to counter the current recessionary fever gripping the United States economy. Even with mortgage interest rates approaching the 5.25 percent all-time lows of ‘02-’04, home sales continue to falter.
The last three weeks have resulted in a panicky stock market as demonstrated plainly on stock market charts. As the markets declined, everyone seems to have finally waken to danger, and the hazard itself continues to grow. Once confined to mortgages and the very strange “structured” IOUs, an economic pullback threatens defaults in a wide range of credits. The typical victims of an economic slowdown is credit, the result of a badly impaired system. If the credit market isn’t in complete and unmanageable shambles, then it’s close.
recessionary fever, economic pullback
Source: Feds Response To Recessionary Trend May Be Too Late
Monday, January 21st, 2008 at 4:39 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.