Soft landing

Despite Ben Bernanke himself being obsessed with convincing people about the ‘soft landing’ of the US economy, all leading indicators speak cvolumes about the fall in housing and imminent dangers to the US economy. “It’s a blood bath,” berated Mark Kiesel, Executive VP, Pacific Investment Management Co, while speaking to B&E, “We ‘harsh landing’ ’re talking about a two to three year downturn that will take a whole host of characters with it, from job creation to consumer confidence. Eventually it will take the stock market and corporate profit.” The annual growth rate has now slowed down to a dismal 2.8% after expanding 4.4%, a year earlier. A look at the key factors for the United States economy shows no relief – with 70% of American GDP coming from consumers, falling incomes add to the worries of a housing market that is about to tip to the downside, exposing homeowners to the new horror word of 2007: negative equity or ‘my house is less worth than my mortgage.’

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)