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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: maxncompany who wrote (6256)8/31/2007 4:59:48 PM
From: surelockhomes  Read Replies (3) | Respond to of 50746
 
The write downs is just the trunk of the elephant. The real problem is going to be the loss of consumer debt spending from home equity withdrawals. It's the continued collapse in home prices that will bring havoc to business profits and the markets. In that regard, we're still in the first inning.