Montana has strong recession resistance
| February 13, 2008 |  View for printing |
With one projection putting the odds for a recession in the next six months at 50-50, the nation is nervous. The housing price bubble has burst, the credit crunch from mortgage defaults means only the least-risky borrowers get loans, and energy prices have soared out of sight with $100-a-barrel oil. Five cuts in the prime interest rate since September helped fend off soaring loan rates, but it’s taking a serious bite out of retirement investments.
But Montanans don’t need to push the panic button — yet.
By NANCY KIMBALL/Daily Inter Lake
Full Story: http://www.dailyinterlake.com/articl ... /news02.txt
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