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- It’s Not A Subprime Crisis- It’s A Consumption Crisis
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From Minyanville today- a great quote ofnthe current "crisis": [Thanks L!]
Unlike many, I have never thought that the U.S.’ current crisis was a “subprime” crisis, or even a more-broad mortgage crisis. No, to me, this has been and will continue to be an evolving consumer consumption crisis which started with the largest and most leveraged consumer asset (housing) and the weakest population of consumers (subprime borrowers)….
Original Source: housingdoom.com
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30 April, 2008| housingblogs |
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