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Montana has strong recession resistance

February 13, 2008 /

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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/articles/2008/02/13/news/news02.txt

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