{"id":10486,"date":"2009-01-02T17:22:50","date_gmt":"2009-01-02T17:22:50","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/notable_and_quotable_2_january_2009\/"},"modified":"2009-01-02T17:22:50","modified_gmt":"2009-01-02T17:22:50","slug":"notable_and_quotable_2_january_2009","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=10486","title":{"rendered":"Notable and Quotable"},"content":{"rendered":"<p>The subprime mortgage market is &#8220;little more than an asterisk in the overall U.S. credit economy,&#8221; said Roth Capital Partners economist Donald Straszheim.<\/p>\n<p>The concern that rising defaults among subprime borrowers would spill over to lower consumer spending in the broader economy is unwarranted, said Sean Snaith, director of the University of Central Florida&#8217;s Institute for Economic Competitiveness.<\/p>\n<p>&#8220;It&#8217;s the latest episode of housing hysteria,&#8221; Snaith said. &#8220;It&#8217;s a small segment of the overall mortgage market and its problems are not akin to a currency crisis where there is some contagion that just ripples through an economy.&#8221;<\/p>\n<p>&#8212;<a href=\"http:\/\/www.bus.ucf.edu\/hitec\/Pages\/Media\/2007%20News\/April\/Reuters%20apr_11_2007.html\">From a Reuters article on April 11, 2007<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The subprime mortgage market is &#8220;little more than an asterisk in the overall U.S. credit economy,&#8221; said Roth Capital Partners economist Donald Straszheim. The concern that rising defaults among subprime borrowers would spill over to lower consumer spending in the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=10486\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,600,596],"tags":[],"class_list":["post-10486","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-housingreal-estate-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10486"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10486\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}