2008 will be the year subrime mortages reset and adustable rates will go up. This will mean many more foreclosures will hit the real estate market. There is also talk of an interest rate pause. Question is how will this affect the economy.. Yet there are other factors that also mold the economic markets. Oil nearly reaching 100 dollars a barrel puts a shadow over economies that import it like the United States. The US dollar which is an international peg for oil is reaching historical lows. If oil doesn't come down substantially it will put a big crimp on the consumers and the cost of doing business. Then there is the global economy led by the Chinese. What affect does the global economy have with the US economy? How well will the Bernanke fed handle inflation? How will all these factors affect the 2008 economy?