The influential National Association for Business Economics semiannual poll of its members got answers out of 259 watchers of the national business climate. And in this version of the semiannual poll, taken Feb. 1-Feb 15, NABE found …
• 34% of NABE respondents were concerned by the lingering effects of subprime mortgages, the top worry. Six months earlier the mortgage mess was the top concern of 18% of those polled — and it didn’t register a year ago.
• 18% this time said household and corporate debt was their main concern.
• Inflation was a distant third at just 10%.
• “NABE members are increasingly concerned over the short-term risks associated with subprime mortgages and other forms of indebtedness, while they continue to cast a wary eye on inflation,” says Ellen Hughes-Cromwick, NABE president and chief economist, Ford Motor Co. “Fewer respondents support the monetary and fiscal policies being implemented to address the credit situation, with more than one-third saying current monetary policy is too stimulative.”
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At first I was surprised the specific subprime category would be the top answer, considering regular mortgages are also a threat.
Then I saw the actual survey, and noticed “Effects of subprime loan defaults” was the choice; nothing about regular mortgages, which seem to be defaulting more and more. Wonder when that will make it onto the survey.
uh…what about the WAR!
who cares what these morons think… they are obviously
clueless to whats happening.. last year sub-prime
“didnt even register”- of course not they didnt even know
about it till they read it on the front page last week…
only 10 percent see inflation as a problem.. llooll next
year it will be at the top of the list as “economists” are always
the last ones to get whats happening