Capital Commerce
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Subprime Scare Is March Madness
Continue reading… 0 CommentsMaybe the troubles in the subprime mortgage market will turn into some sort of nasty financial contagion that will dramatically worsen the broader housing market and nudge the economy into recession. But I have a difficult time seeing that happen as long as jobs and incomes are growing. For starters, the 97,000 jobs added in February isn't such a bad performance, considering the terrible weather that month that also seemed to quash retail sales. And if recent history is any guide, that jobs number will be revised higher.
