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Is The Credit Crunch Here? | Peter Boockvar

Wealthion - Be Financially Resilient

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The US Economy Is Going Through a Slow Grind

The direction of asset prices from here will determine the extent of that economic slowdown. The US government is crowding out the private sector in terms of funding because people are taking their money out of banks and sticking it into treasuries. This crowding out effect as US debts and deficits continue to rise has its own depressing effect on economic activity.

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