Most economic forecasters are quite bullish right now, with a view that there will be no subprime spillover into the other sectors. Bill Conerly, who advises corporate clients about making business decisions with an eye on economic news and public policy, sees a credit crunch as the most threatening aspect of a possible trigger for a recession.
“The key driver of a possible recession was spillover of the housing market weakness into consumer spending”, says Bill Conerly, in his comments on the Money-Rx blog, “But in recent months, the risky story has changed. The key issue now is financial markets… For instance, if we see evidence that prime commercial borrowers are being dumped by their banks, or that consumers with good credit can no longer get car loans, then we’ve got a recession coming.”
Read the full profile and his comments here: http://www.money-
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