Posts Tagged ‘recession’

Rolling Recession Hits U.S. With More to Follow

Written by Leatherneck on August 09, 2007 under Archives, Economic Impact

The Dow dropped 387 points on Thursday, August 9th, signalling that liquidity shortages in Europe concerned investors around the world. Earnings may have peaked in some parts of the market while subprime issues spread to other parts of the market. One primary problem is fear of the unknown. Nobody knows where subprime mortgage backed securities actually are. Said another way, the assets were packaged and sold around the world, but at this point nobody wants to admit to holding subprime assets.

US Economy – Recession or Depression

Written by Timothy Blake on July 28, 2007 under Archives, Economic Impact

As the United States mortgage market spirals out of control intelligent minds consider whether the US economy is headed into a recession or a depression. Studies of the 1929 stock market collapse and the depresssion show that the economy functioned and all appeared normal in that regard. Depression studies show, however, that the economy functioned at such a low level that it was like an 8 cylinder engine running on 4 cylinders.

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