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The Credit Crunch – Why it Happened
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The Credit Crunch – Why it Happened
We have all been witness to some pretty incredible events over the last month or so that appear to have generated a new phrase in our language, “The Credit Crunch”. We can see the effect in the failures of our banks and financial institutions but the question of why it happened and what we can learn from it, seems less clear.
To Fight Against the Depression Knocking at Our DoorTo start finding out the probable reasons of the suspected depression knocking at our door we will better recall Lord Keynes who gave the irrefutable logic that depression is always caused on account of a lack of ‘effective demand’. There are some writers taking very lightly the threat of endangering entrance of another world wide depression.