Should India be able to decouple itself from US Subprime Impact?

Monday, August 27, 2007

Bad credit top terrorism as biggest immediate risk to economy

NEW YORK: Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported on Monday.
Borrowers' withering ability to pay their bills and the subsequent fallout in the credit markets this summer topped the list of short-term risks on peoples' minds, according to a survey of 258 members conducted by the National Association of Business Economics.

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