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The Downward Spiral of the Financial Crisis

Posted by forex 1313 days ago (http://www.babypips.com)
Category: Economy | Tags: economy financial crisis forex
While, the current rescue package may lead to some stabilization of the financial system, it may not be sufficient to restore consumer spending and banks may still be weary to lend. Even stabilization and unfreezing of financial markets is likely to take time. Under such circumstances, the economic psyche of lenders and consumers alike is likely to remain negative, pulling the economy into a negative spiral.
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