Montana has strong recession resistance
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| 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
Reader Comments:
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With slow economic times looming across most areas of Montana, I wanted to give some advice to business owners. I just recently finished a post on my business blog that I think most Montana business owners will find very useful. Please feel free to check it out the web address below, and if you think it is useful please feel free to share it with your friends. Thanks! http://www.manifestbozeman.com/blog/ ... -recession/ Again, if you like what you read please send the link to other people and businesses you know. --David
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