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| Articles about Vanish |
| Sub-prime spook was exaggerated, could vanish by Halloween: Analyst | | 2007-09-11 18:43:00 | | By Johnson Choo IT was the "goblin" that wreaked havoc on markets the world over but come Oct 31, investors may be celebrating Halloween for more reasons than one..The goblin that is the impact of the United States sub-prime mortgage problems could go away as early as then, and growth would return by year-end in time for Christmas, said Mr Ken Fisher, CEO of Fisher Investment..Saying the sub-prime spook had been exaggerated, Mr Fisher likened it to the scare caused by the Y2K millennium bug and the avian flu warnings, where the perceived risks were greater than the actual threat to the global economy.."The fact is, if every sub-prime mortgage that could possibly default defaulted, the most it could do is slow down US gross domestic product some," he told the media on the sidelines of the Forbes Global CEO Conference here yesterday.."The US economy may slow down, but so what? Because the US is the biggest economy, they tend to think that when the US gets a cold, the world is going to g | | By: How to be Rich, Happy and Free from Scams | | |
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