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Keeping it Simple on the Road | Ep.7: Chasing the Curve

Keeping it Simple with Simplify Asset Management

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The Recession and the Lack of Demand

Sally Kohn: I think the big difference now is from the banking system is a duration issue, is opposed to a credit issue. Because their balance sheets are impaired and now their credit lending activity has to be reduced does that in turn create its own credit cycle? She says she thinks either we're headed to recession because of this lack of demand or there's just no impetus in worrying about it for a long time. "I believe that credit crunch is going to bite. Question is when," said Kohn.

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