How Hard a Landing?

Malpass, David; Johnson, Paul; Yew, Lee Kuan; Zedillo, Ernesto
October 2007
Forbes Asia;10/1/2007, Vol. 3 Issue 16, p12
The article talks about the August credit shock on the real U.S. economy. The author asserts that low interest rates, the hindrance on future growth from the disruption of the securitization process and the caution of the Federal Reserve toward rate cuts may cause the fall of the real economy. It is noted that the securitization process, which is used to link commoditized borrowers to lending pools, broke in August 2007 and affected the economy.


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