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OpEdNews Op Eds 1/5/2008 at 2:15 PM EST

Stagflation

By Carlos T Mock (Page 1 of 1 pages) No comments

I have been saying since February 17th 2007 that the US economy is heading for a hard landing, possibly a recession while Mr. Bernanke and President Bush were insisting that we had a “strong economy” I predicted that concerns over risky US mortgage lending were a key indicator of credit problems hovered at record levels, after many mortgage lenders failed and a big homebuilders admitted that borrowers' difficulties could damage their businesses.

I also predicted that investor worries over loans made to US borrowers with weak credit histories would grow over the year. I predicted that the American consumer would take all the equity from their homes to buy luxuries they could now afford with easy credit. I even predicted the housing bubble and the subsequent subprime crisis. (

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Carlos T Mock Social Media Pages:

Travel website: The Pink Agenda. Several Blogs. Weekly newsletter, available upon request. Publications - Fiction: Borrowing Time: A Latino Sexual Odyssey - Floricanto Press 2003. Poetry: The Refined Savage Poetry Review - Refined Savage (more...)

Related Topic(s): Credit; Dollar; Economic; Inflation; Money; Money; Policy; Will; World, Add Tags
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