Successful? Why, yes I am.

Friday, August 03, 2007

Subprime lending

The whole subprime lending catastrophe (well not quite catastrophic) thats happening in the U.S. thats causing world wide share market fall, Im wondering how long it will last?

There's an excellent article by Ross Gittins in todays SMH ( about how it doesnt really affect the economy in any major way. That is we're still working, still producing and still consuming, so no cause for alarm about having a possible recession. Apparently he said that the 1987 sharemarket crash did not, I repeat DID NOT, result in a recession. Very interesting.

Ive gotta focus on increasing my income so I can actually have more to invest. Sitting on median salary is not cool.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home