Credit Market is filled with Cheap Money, Economy Goes Grimly
Written on November 12, 2008 – 12:00 AM | by dodolovesme
US bailout, UK has been throwing money at economy, China’s plans to pump more money into its red flagging economy.
All these cheap money sent many world wide stock markets temporarily high.
But even as stocks strikes, the economy was going grimly.
Neither money nor economy is independent. The economy is much worse with the generous pumping money.
Retail sales are falling and house sales are in hell.
See the worse turmoil in the US economy:
- More cutbacks and unemployment are on the horizon
- Credit are hitting harder future in the US
- US ability to pay its creditors’ Interest Payment is in doubt
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7 Responses to “Credit Market is filled with Cheap Money, Economy Goes Grimly”
By eyeearnsfi on Nov 12, 2008 | Reply
thanks 4 your info, it’s useful
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