All Posts Tagged With: "mortgage crisis"

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How Bad Will the Mortgage Crisis Get?

If you are like most investors you are probably beginning to wonder just how bad will the mortgage and financial crisis get?

I’ve been saying for some time that the developing financial crisis that started in the mortgage market has been underestimated by many people, including most certainly those who are supposed to have some good ideas about such matters — the economists.

The problem with many economists these days is that they are working for people who order forecasts that must in some way fit in with their hopes and expectations. For example, an economist who is working for say the NAHB, National Association of Home Builders, doesn’t want to lose his job or contract over some dang economic forecast that is a bit too pessimistic. The poor fellow must try to balance out what his own research shows against what his bosses wants to hear.

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30Mar2008 | taipan | 0 comments | Continued

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