Saturday, May 31, 2008

How Long Will Credit Crisis Last?

Recent data suggested that the credit crunch may last longer than people thought (or hoped)The cost of borrowing wholesale money over two years has increased to over 6%. 1% higher than base rates. This is the biggest spread for almost 4 years and a sign of the shortage of liquidity and reluctance to lendThis increase [...]

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[Source: Finance Blog]

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