Credit crisis: Precursor of great inflation
Ludwig von Mises Institute
by Thorsten Polleit
02/07/08
The so-called ‘credit crisis’ is gaining momentum. Investors increasingly question the solidity of the banking system, as evidenced by banks’ tumbling stock prices and rising funding costs. With bank credit supply expected to tighten, the profit outlook for the corporate sector, which has benefited greatly from ‘easy credit’ conditions, deteriorates, pushing firms’ market valuations lower. In fact, peoples’ optimism has given way to fears of job losses and recession on a global scale...
http://www.mises.org/story/2863
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=credit+crisis
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Thorsten+Polleit
by Thorsten Polleit
02/07/08
The so-called ‘credit crisis’ is gaining momentum. Investors increasingly question the solidity of the banking system, as evidenced by banks’ tumbling stock prices and rising funding costs. With bank credit supply expected to tighten, the profit outlook for the corporate sector, which has benefited greatly from ‘easy credit’ conditions, deteriorates, pushing firms’ market valuations lower. In fact, peoples’ optimism has given way to fears of job losses and recession on a global scale...
http://www.mises.org/story/2863
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=credit+crisis
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Thorsten+Polleit
rudkla - 8. Feb, 12:51
