Credit Crunch

[mish1953]

[}:)]

Having a week off work I have been following the business news as there is an amazing story unfolding.

The bottom line is that pretty much every country's national bank is feeding money into the money system, this is mainly because of the USA's cheap leanders getting into major difficulties which is having a knock on effect worldwide .

ALL of the major banks are now forecasting a CREDIT CRUNCH .

The effect of this is most likely that the banks will clamp down on leanding , making the rules much tighter -- it looks like cheap lending is about to grind to a halt.

The real bogeyman, lurking just out of sight is China , if they dump their dollars then the US economy will melt and throw the western economies into a full blown recession -- start saving NOW !