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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (361019)	12/1/2007 8:24:50 PM
From: steve harris	Read Replies (1) \| Respond to of 1571931

The subprime problems are an ongoing mess that won't be cleaned up easily Really? I doubt the "mess" is as large as you "feel" it is. Show me your vast knowledge and give us some numbers to support the size of your mess. Don't worry, if you can't support your "mess", I'll post the numbers to show you how small your "mess" really is.

To: tejek who wrote (361019)	12/1/2007 8:54:52 PM
From: TimF	Respond to of 1571931

There are problems now, but they are nothing like the double digit inflation of the late seventies combined with high unemployment. In many ways our economy was at its worst then (when looking at the post WWII period, obviously the great depression was much worse, and in WWII you didn't have a regular economy but rather a economy focused on war). The federal deficit level is lower as a percentage of the economy than the average over the last several decades. Unemployment is noticeably lower than the average of the 70's 80's , and 90s combined. Sub prime loans are only a small percent of the outstanding loan balance and an even smaller percent of the whole economy. We might be set up for a recession, but even that isn't a sure thing. And if we do have a recession I'd still greatly prefer that to the mess of the late 70s.