To the moon & back

IIPM PUBLICATION

While the US regulators believe that the situation is under control, Robert Keiser, Vice President, Thomson Proprietary Research, correctly raises the question to B&E, “If we were not worried, why are we making such a big deal out of the up-tick to 13.33%?” Stephen S. Roach, Chief Economist, Morgan Stanley, goes further while sharing with B&E, “Too much attention is being focussed on damage to housing and mortgage markets. There’s a much bigger story. The US housing market is currently in a serious recession. The real debate is about ‘spillovers’ – whether the housing downturn will spread to the rest of the economy.” Keiser of Thomson too, believes the same, “The underlying risk remains... that subprime delinquencies have the capacity to spill over in the US economy at large.”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative