Thread: The strongest economy in the world
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Old 06-11-2007, 01:05 PM   #550 (permalink)
Milkman
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Quote:
Originally Posted by raycarey View Post
Quote:
Originally Posted by Milkman
This may be a recipe for the perfect financial storm.
agreed. but didn't you think it would have happened by now? jesus christ, oil is nearly $100/barrel and hundreds of thousands of familes are being thrown out of their houses.
The final effects of the subprime have not occurred yet. There will be more ARMs re-adjusting upward in 2008. Higher gas prices, if they stay high and/or increase will eat into disposable income that could be used to: 1) pay off consumer debts, and 2) buy things.

I think the next 2 years will be the window of time to see what, if anything, happens.
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