I don’t understand anything about markets, mortgages, and sub-prime lending. Can someone help me?
Thursday, April 10th, 2008attagirl asked:
I am a complete dolt about such things. I know the economy is troubled world wide because of sub prime mortatges, and that they are loans given to high risk people. That is it. How does it all relate to each other and what does this do to the economy? What exactly is the Federal Reserve Rate and what does it mean when they intervene? What does this mean to me, someone without investments that works and rents?
I am a complete dolt about such things. I know the economy is troubled world wide because of sub prime mortatges, and that they are loans given to high risk people. That is it. How does it all relate to each other and what does this do to the economy? What exactly is the Federal Reserve Rate and what does it mean when they intervene? What does this mean to me, someone without investments that works and rents?
Sorry to be such an idiot, but I really want to understand…let’s pretend I have been living in a cave for a long time and don’t understand the lingo! I hate feeling like such an idiot when I hear about this and read about it. Thanks!!!
that really does help…but I’d love to hear more answers…esp. why someone would thumbs down!
Question posted courtesy of: James
