I'm not an economic expert. here i cite someone else comment about USA's economic condition for reader's reference:
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2 Z* x& L4 o+ Y9 {“In a country where the government can’t balance its own checkbook, consumers live on credit, and the collective saving rate is zero, we’ve become conditioned to spend first and figure out how to pay for it later. The allure of cheap money and easy credit was too much to resist, especially for those borrowers who could least afford it.”TVBNOW 含有熱門話題，最新最快電視，軟體，遊戲，電影，動漫及日常生活及興趣交流等資訊。: U7 P7 v" Q0 ^7 F* K
I8 j) W7 e' Ktvb now,tvbnow,bttvb- Richard Bitner, 2008, p.135
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That's why subprime mortgage came to reality. And that's why once the crisis started, it can't be stopped.
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Let's hope that the US can save up their money from now on and pay back their debts.5.39.217.77:8898* N; K7 D! o @3 A
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Let's just hope that |
發表於 2008-10-10 08:42 PM
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