T.H.E.M.
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T.H.E.M.
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“The Banks Are Melting”, And Signs Of A Major Credit Contraction Are Already Starting To Emerge
by Michael
When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air. A major credit contraction would be a nightmare scenario for the economy, and as you will see below, there is evidence that this is already starting to happen.
Hopefully our leaders can find a way to calm things down, because we all remember what happened during the last financial crisis. Banks decided to substantially tighten their lending standards and that really deepened the economic downturn.
So our leaders should be doing what they can to support the stability of the system, but in so many cases they end up doing just the opposite. (Read More…)
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