More Monetary and Fiscal Policy Measures In the Offing »
Posted By tombishop 1 year, 2 months ago in Business & FinanceThe global financial crisis seems to have taken the US by storm. Statements by the US Fed suggest that the nation’ s economy is headed for a recession if already not there.Even though, the US announced a US $ 700 billion rescue package, opinion is fast emerging that this may not be sufficient. While, the current rescue package may lead to some stabilization of the financial system, it may not be sufficient to restore consumer spending and banks may still be weary to lend. Even stabilization and unfreezing of financial markets is likely to take time. Under such circumstances, the economic psyche of lenders and consumers alike is likely to remain negative, pulling the economy into a negative spiral.
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