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Updated almost 15 years ago on . Most recent reply

Rich WeesePoster
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- Real Estate Investor
- the villages, FL
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Interest rates good- economy bad- per Bernake.
http://www.msnbc.msn.com/id/38340249/ns/business-stocks_and_economy/
Bernake didn't sound very positive today. Stocks drop and he actually uses words like recession and "double dip" . Interest rates to stay low is the good point in the article. Rich
Most Popular Reply

If banks don't lend money then businesses can't make projects profitable. Absent some change in the super-humanly-stringent underwriting criteria and downright crazy approach of banks I don't think we see a recovery anytime soon.
Credit is the lifeblood of the economy and people and businesses still don't trust other people and businesses.