Originally posted by TimberWolf
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The problem, and the reason she has been declined credit, is because much of the credit excesses of the past 5 years or so have been consumer credit that has been spent on consumption - i.e. not productive investment.
So now the banks expect an economic depression, which means that ALL entities will find it harder to pay back loans, including her.
The Quantitive easing just makes it worse, by pumping up the economy temporarily, devaluing the currency, yet still resulting in the very same deflationary collapse after the stimulus is removed.
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