The eye of the hurricane
Bob Morris @ May 16th 2008 05:03 - Category: Unfiled
The worst of the “credit crisis” might be over, but the real effects of tighter lending, less capital spending, rising unemployment, and consumer defaults on credit cards and auto loans is just starting.
By this viewpoint, the apparent slowing of the bad news lately is just a lull, not an ending, with more (but different!) crises coming.
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