The fear is that if credit continues to become harder for people and businesses to get, spending and investment will be crimped. That could hurt overall economic growth.
http://www.newsvine.com/_news/2007/09/01/935968-economists-abuzz-on-interest-rates
Note: http://www.newsvine.com...

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"When I tell the truth, it is not for the sake of convincing those who do not know it, but for the sake of defending those that do."
William Blake