Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Group: Bad Credit biggest threat to US Economy

Discussions about the economic and financial ramifications of PEAK OIL

Group: Bad Credit biggest threat to US Economy

Unread postby Euric » Sat 25 Aug 2007, 13:00:01

AP
Group: Bad Credit Threatening US Economy
Saturday , 2007-08-25 12:16 ET
By Dan Seymour, AP Business Writer
Bad Credit Tops Terrorism as Biggest Immediate Risk to Economy, Group Reports


NEW YORK (AP) -- Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.

Borrowers' withering ability to pay their bills and the subsequent fallout in the credit markets this summer topped the list of short-term risks on peoples' minds, according to a survey of 258 members conducted by the National Association of Business Economics.

See link for rest of article:


http://biz.yahoo.com/ap/070825/nabe_bad ... .html?.v=2
User avatar
Euric
Tar Sands
Tar Sands
 
Posts: 622
Joined: Sat 04 Dec 2004, 04:00:00

Re: Group: Bad Credit biggest threat to US Economy

Unread postby Laughs_Last » Sat 25 Aug 2007, 13:57:02

Laughs_Last
Tar Sands
Tar Sands
 
Posts: 510
Joined: Tue 26 Jul 2005, 03:00:00

Re: Group: Bad Credit biggest threat to US Economy

Unread postby OilsNotWell » Sat 25 Aug 2007, 17:28:23

A bigger threat than terrorism, huh? Maybe we should expect to a return of involutary servitude and debtor's prisons to aggresively deal with this menace?
User avatar
OilsNotWell
Heavy Crude
Heavy Crude
 
Posts: 1202
Joined: Wed 11 Aug 2004, 03:00:00

Re: Group: Bad Credit biggest threat to US Economy

Unread postby Euric » Sun 26 Aug 2007, 00:43:20

$this->bbcode_second_pass_quote('OilsNotWell', 'A') bigger threat than terrorism, huh? Maybe we should expect to a return of involuntary servitude and debtor's prisons to aggressively deal with this menace?


There is always that possibility. But also the return of soup kitchens and hoovervilles.
User avatar
Euric
Tar Sands
Tar Sands
 
Posts: 622
Joined: Sat 04 Dec 2004, 04:00:00


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron