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Credit Crunch vs. Central Banks – You Lose

December 28, 2007

The Bankers can only get richer and richer and richer…and more and more powerful

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by gjohnsit
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.

About the author

Clare Swinney


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