The Second Great Depression
By Mike Whitney
December’s figures indicate that foreign investment is drying up and the world is no longer eager to purchase America’s lavish debt. The only thing the Federal Reserve can do is raise interest rates to attract foreign capital or let the dollar fall in value. The problem, of course, is that if the Fed raises rates, the real estate market will collapse even faster which will strangle consumer spending and shrivel GDP.
http://www.informationclearinghouse.info/article17145.htm
http://freepage.twoday.net/search?q=Mike+Whitney
December’s figures indicate that foreign investment is drying up and the world is no longer eager to purchase America’s lavish debt. The only thing the Federal Reserve can do is raise interest rates to attract foreign capital or let the dollar fall in value. The problem, of course, is that if the Fed raises rates, the real estate market will collapse even faster which will strangle consumer spending and shrivel GDP.
http://www.informationclearinghouse.info/article17145.htm
http://freepage.twoday.net/search?q=Mike+Whitney
rudkla - 22. Feb, 10:02
