Booyah Breakdown: Subprime Time

Booyah Breakdown: Subprime Time

Comment: Yet another article about the subprime problem.

Good Shakespeare quote (almost sounds Biblical!): "Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry"

Excerpt:

So could this turn catastrophic? Probably not. Interest rates still remain favorable, the economy is still pretty solid, and job growth is still good. But are we near end of subprime issues? No way. ... And if housing prices continue to fall, thanks to all these defaults, that means less equity in people's pockets, and you know what happens from there.