Thursday, January 24, 2008
Alarming News
Oh, I haven't been posting anything for ages!!! Now I'm here again to go on discussing things that make me anxious. The latest report that really made me anxious is the analysis of the recession in the US economy. It is common knowledge now that one of the main reasons for it is unrestricted crediting of cosnumers with bad credit. As a consequence, they couldn't pay back their credit. But, good news for those with positive score: Federal Reserve lowers the interest rates! All the details of the issue can be found in the article Financial Crisis And Credit Cards at one of the reputable financial web-sources.
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1 comment:
The news is really alarming and I wonder what we can expect in the future? Though President Bush states that the US economy is strong, I doubt whether it will bear this blow. Really doubt...
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