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Updated over 14 years ago on . Most recent reply

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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Interest rates good- economy bad- per Bernake.

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

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

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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

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.

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