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As we see all over today's news, governments across the world are cutting interest rates and infusing cash into their financial systems.
There is only one problem...people aren't looking for cash. There is no credit market left.
Hey, anyone out there feel like borrowing some cash right now?
NOpe. So at least the financial markets will have enough liquidity to keep corp paychecks flowing. so I'll get my next paycheck anyway.
What governments are not going to be able to do is to get people to spend money. If they give a tax rebate next year, it definately won't go toward "consumerism". People might use it to pay off their winter fuel bills though.
Anyone think it will "trickle-down" to us?
Last edited by PatriotsReign; 10-08-2008 at 09:43 PM..
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