Last week the stock market experienced one of its largest drops since the 9/11 terrorist attacks. While there were a number of causes, one major factor is investor concern that problems in the subprime mortgage market--which caters to consumers with poor credit ratings--are going to spread. This…

"If something can't go on forever, it won't." --Herb Stein WITH NEW HOME SALES DOWN 10.5 percent in February, and with home prices declining for the fourth month in a row, it's high time for a sober look at the consequences of a major housing correction. The Federal Reserve, Wall Street economists,…