Wednesday, July 1, 2009

Somebody Has to Blink... Economist Mark Lieberman asks a riddle - "when do banks and consumers act the same? When they get money from the government. They’ve both received tons of cash from the federal government in the last several months and aren’t using it"... concludes if a recovery is to happen, someone has to blink and move first, either the bank to lend or the consumer to spend... http://www.foxbusiness.com/story/personal-finance/english-banks-consumers-joined-theaccount/

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