Most economists believe the U.S. economy will not be negatively affected by the mortgage industry’s current problems as long as news of faltering lenders doesn’t seriously impact Wall Street trading or further exacerbate the nation’s housing slump. Most economists hold this view because subprime borrowers tended to be less affluent consumers who don’t account for a huge share of consumer spending. more [WSJ]
Trending
Economists unfazed by subprime woe
Recommended For You