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Old 20-03-2008, 12:49 AM   #101 (permalink)
Texpat
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Quote:
Originally Posted by Butterfly View Post
to think that the subprime mess will have NO real impact on the economy is a bit naive to say the least,
I never suggested that.

Quote:
The subprime mess is real, and its impact is real, ask the thousands of family who lost their home, the sales agent who lost their business etc... the impact is not negligible
The impact to sectors other than housing and finance/banking to date has not had great impact. It may come around, but has not visited yet. There's a snowball effect that will encompass other areas, but it remains to be seen how drastically.

I realize you're anxious for any opportunity to witness America crumble, but please be patient. Your alarmist cries are a bit premature.
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