The Bankers can only get richer and richer and richer…and more and more powerful
Wed Dec 26, 2007 at 10:04:38 AM PST
“If I had to be bold I’d say we began a recession in December.”
– Bill Gross, Pimco Funds founder
The credit crunch that started in August is threatening to bring the economies of the entire 1st world to a grinding halt.
To combat that the central banks of America and Europe are pumping cheap money into the markets at an unprecedented rate. These actions are not without consequences. More.