Hammer Time for 50 cent as sub-prime rapper crisis
grips America
by Jerko Nutlord, NFC* Chief Advisor on Morality, Vice and Virtue

As America continues to reel in the aftermath of its sub-prime mortgage crisis, analysts fear that a new and more devastating economic catastrophe may be emerging. The Nation may be witnessing the start of a ‘subprime rapper’ crisis with R&B recording artists filing for bankruptcy in record numbers. This week, investors watched nervously as shares in P-Diddy reached a 5 year low and shares in 50 cent ironically dropped to 50 cent. In 2007, market fundamentals remained strong with concert, record and merchandise sales showing robust growth in the last quarter of the year. Despite these positive trends, high profile rappers like Chicago’s Kayne West, and even entire posses like New York’s Wu-Tang Clan, have seen their net worth effectively disappear. Other indicators point to rocky times ahead for the sector with foreclosures on ‘pimped’ rides reaching a 6 year high and dentists reporting strong demand for gold tooth extraction.
Goldman Sachs analyst Leonard Green commented that the ’sub-prime rapper’ crisis does not necessarily stem from any contraction in the sector’s overall growth but may be attributable instead to a disparity between market fundamentals and individual outlays. Green explained that “these guys are making a lot money but tend to blow it all on really really expensive, unnecessary and opulent crap”.
He continued: “Busta Rhymes may have felt that he could easily afford the 28 personalised gold plated toilet seat covers .... Read More