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US Mortgage Market crisis hits other sectors as well

Shared by Helping_user on Thu Aug 09, 2007 1:49 am

The downturn in the US mortgage industry this summer has started to have a negative effect on the growth of companies which are hardly related to the mortgage industry.

Source: http://www.iht.com/articles/2007/08/07/business/credit.php
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Niicss
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PostPosted: Tue Aug 21, 2007 4:56 pm    Post subject:

I also agree that the affect has spread onto other fields also which are not related to mortgages. I was reading an article titled "2007 Subprime mortgage financial crisis" which sheds some light on how mortgage crisis is affecting other industries also. This is the page - http://en.wikipedia.org/wiki/Subprime_mortgage_financial_crisis
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