If you have been following some of my articles and seed, you will see this article presents a concern of mine.
I do believe the credit crunch/crisis is going to be a part of a massive long term correction of economic markets.
People who should not have received high levels of credit, received credit. People who should of gotten a xxx level of credit, received xxx+++, credit.
Relaxed credit terms gave relaxed standards to consumers; it was good while it lasted, now the bills are due and must be paid.
The market will have to have a huge shake out......will we ever learn????
replytoj001
I do not know if we will ever learn
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