| Getting our Economy Back on Track |
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photo credit: MrB-MMX
Even the experts are confused as to why we are not recovering as fast as we should. Normally, the way to get out of a recession is the Fed cuts the cost of money causing an influx of capital into the system causing first, leveraged assets to recover and then next is jobs are up and running again. But why is it so hard to get our economy back on track?
The Fed has been trying to stimulate the economy by bypassing the banks and inserting money directly into the economy. Everything seemed to be on track and the economic numbers didnt look all that bad due to a masking by the federal housing credit. Now that the tax credit is over the numbers are starting to show a realistic picture of the economy.
The big fix everyone is looking for they say is credit. The only way out of credit and asset downward spiral that seems unstoppable is the influx of credit. It has worked in other recessions, hopefully it will work now.
Read the full article from Real Estate Investor
Posted on July 05, 2010 14:28:44 by IPTV.Boyz
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