What went up together on ‘easy money’ the world over, is now going down together. This was always the devil’s bargain made when policymakers chose to bail-out high indebtedness and speculative activites with even more debt and speculative activities.
Nick Brooks, head of economic and investment research at Intermediate Capital Group, discusses how an economic downturn may impact various sectors. Here is a direct video link.
Real estate slowdown will hit ‘wealth effect’ and consumer spending, strategist says from CNBC.
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