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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (683923)11/8/2012 5:01:30 PM
From: J_F_Shepard  Respond to of 1572381
 
"Lending should be back to normal by now"

If lending was back to normal you'd be getting something more than near zero percent on your savings....



To: Tenchusatsu who wrote (683923)11/8/2012 5:03:09 PM
From: J_F_Shepard  Read Replies (1) | Respond to of 1572381
 
Is the CBO a reliable source of info?



To: Tenchusatsu who wrote (683923)11/8/2012 8:58:52 PM
From: combjelly  Read Replies (3) | Respond to of 1572381
 

It's been four years since the financial crisis of 2008. Lending should be back to normal by now.


Why? What is so special about 4 years? Sometimes it takes decades for lending to return to normal levels. The last real estate bubble we have had was The Long Depression. I will let you guess how it got its name. It was primarily in Europe, so we came out of it pretty quick. In fact, we had yet another panic before it ended.

The only thing that could cause trouble that we can project is if Europe gets worse. If that doesn't happen, the next 12 months will be much better.

So let's revisit this at the end of next year.