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Loan defaults, heavy debt top list of economists’ fears, group says

posted 71 weeks ago on Mortgage Insider

Folks missing payments on subprime loans and excessive household and corporate debt are the greatest threat to the economy, surpassing terrorism, say economists in a survey released today by the National Association for Business Economics. Eighteen percent of 258 members of the Washington-based group cited subprime defaults and 14 percent cited household and corporate debt, for [...]

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