Economy's Uncertainty Even Puzzles the Pros

Triplett,, Tim
October 2007
Metal Center News;Oct2007, Vol. 47 Issue 11, p6
Trade Publication
The author reflects on the economic conditions in the U.S. He contends that home prices in the country will decrease by 5% to 10% in 2008. He cites Paul Kasriel, senior vice president and chief economist of Northern Trust Bank company, who points out that housing market is in deep recession and exotic mortgages have enticed buyers to over borrow, driving home prices up to 387% of the median family income.


Related Articles

  • Playing the Financial Shell Game: WHAT NOW? Delay, Dennis // Business NH Magazine;Nov2008, Vol. 25 Issue 11, p24 

    The article discusses the economic condition of the U.S. in 2008. It cites the credit crunch, plunging house prices, mortgage delinquencies and the soaring prices of food and fuel that showed recession in the nation. It mentions the collapse of some financial institutions, mergers and the...

  • Housing Market Outlook for 2009. Fisher, Jeffrey D. // Indiana Business Review;Outlook2009, Vol. 83 Issue 4, p8 

    The article discusses a 2009 outlook for the housing market in the U.S. The housing industry has been blamed for the financial crisis and the ongoing economic recession. One of the major cause of the problems in the market was the unrestricted growth of subprime mortgages given to people who...

  • Economist claims US is already in recession. Watt, Gregor // Money Marketing;11/22/2007, p5 

    The article reports on the view of economist Mark Farber that the economy of the U.S. is in recession. Farber said that the sub-prime crisis and falling house prices have a huge effect on the economy of the country. However, economist Anatole Kaletsky inferred that dollar reserves held by...

  • U.S. Economic Woes: Four Versions.  // Future Survey;May2008, Vol. 30 Issue 5, p1 

    The article deals with credit crash in the U.S. The situation may involve a trillion dollar meltdown of asset writedowns and defaults. Housing prices decline another 10-20% in 2008. Many people will be hurt, although the recession may or may not spread to the world economy. However, experts...

  • Foreclosure Data Suggest Some 'Bubbles' Could Burst. Venetis, Kyriaki // Mortgage Servicing News;Dec/Jan2003, Vol. 6 Issue 10, p10 

    Reports that rising foreclosures, a weakened economy and high rates of unemployment suggest that 'some bubbles could burst,' a sudden drop in overpriced homes, could occur in the United States. Implications of these trends for the mortgage loan servicing industry; Cities with severe...

  • A New Year Of Living Dangerously. Daks, Martin C. // njbiz;12/31/2007, Vol. 21 Issue 1, p1 

    The article focuses on the risks of U.S. recession for 2008. Subprime mortgages which offered low interests turned to disaster due to delinquencies and foreclosures. Said situation affects the movement of the housing and small business activities. According to the article, though the banks are...

  • Did The Mortgage Help Hurt? Maggs, John // National Journal;2/22/2009, p25 

    No abstract available.

  • GLOBAL ECONOMY HINGES ON POSSIBLE U.S. RECESSION. Zarocostas, John // WWD: Women's Wear Daily;1/15/2008, Vol. 195 Issue 11, p16 

    This article presents information on two new economic reports that warns the possibility of a recession in the U.S. Both reports stated that the U.S. housing and mortgage crisis and the decline of the dollar could spark a recession and may have a serious impact on the projected slowdown in world...

  • Ignoring Reality. Macpherson, D. Clark // SoHo Journal: The Magazine of Arts & Politics;Winter2011, p3 

    The author offers his thoughts about the state of the U.S. economy as of December 2011. He contends that the immediate future of the U.S. involves municipal defaults, mass layoffs and recession, among other things. He mentions that real unemployment is going 20 percent and, in August, no new...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics