« Indiana Broker Charged For Fraud Involving 27 Homes | Home | Fed Chair Promises “Substantive Additional Action” on Behalf of Economy »
Housing at Heart of Recession Fears
By admin | January 10, 2008
Wednesday Goldman Sachs became the latest "authority" to say that the United States may be slipping toward an outright recession, and that the housing and credit market problems would be the primary cause.
In a research report Goldman Sachs said that the latest economic data indicate that the recession has arrived or soon will and that there will also be a decline in consumer spending, something that didn't happen during the tech bust recession of 2001.
It is clear that the housing downturn is...
Topics: Mortgage News |
Comments are closed.