, MSNBC Senior Editor John W. Schoen wrote a full length article in response to the question " Just how bad will the economy get?"First explaining the recent economic slow-down cannot be called a recession (yet is a possibility), Schoen immediately gets to telling it like it is. He said while lenders hoarding their money (aka the sub-prime mortage crisis) is bad we should be more concerned about the drastic drop in home prices. Some homeowners now find themselves upside-down on their mortgage payments. This may explain why so many Americans are worried about the economy.
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