Economic experts disagree on extent of credit crisis - Portland Business Journal:

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John Mitchell, the formerf economist who's now a principalk in Portland-based , points out that at least a thire of all favorably terme loans issued this decade funded purchasexthat weren't owner-occupied. He says regular consumers won'ft be harmed as much as so-called "house Plus, Oregon remains better off than such areas like Florida and Nevadaw because most arealenders don't offer such risky productsa as interest-only loans. "That would be a problem becaus when houseprices they're stuck in them and they can' refinance," Mitchell said. "We haven'ft had that here, and there's a good chance we'll avoif it.
" Bill Conerly, a principal with Lake Oswego-based , adds that the state'sw loan quality will help Oregon'w economy grow faster than that of the rest of the nationhin 2008. Mayland also sees thing s picking up a bit after a generally slow The drag from housing will evaporate he added. "We're in the second half of the he said. "Soon, we'llk be at a point where it'd not getting worse at Feiger isn't so optimistic. "The world is full of peopls who believethat everything's lovely and nothing will go he said. "But we've had this massivre credit bubble, and just like with the dotconm bubble, things are going south.
And it'll go through 2008 into