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Trickle-down recession

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A friend has sent you the following article from PopMatters.com Marginal Utility: Trickle-down recession by Rob Horning 05 September 2007 This morning, NPR had an item about the impact of the subprime-mortgage crisis on which real-estate experts were complaining that the pendulum has swung too far too quickly: A few months ago loans were too easy to come by; now they are too hard—bankers… Link: http://www.popmatters.com/pm/post/trickle-down-recession/ PopMatters Popular Voices, Cultural Matters http://www.popmatters.com/

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