Right now, financial institutions all over America are getting really tight with their money. That means that less credit will be available for consumers and businesses, and that will mean less economic activity in the months ahead.
The Credit Crunch Is Going To Be One Of The Biggest Stories Of The Next 6 Months investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.
Despite the widespread warnings of a potential economic downturn and financial sector uncertainty, fundamentally strong stocks Petróleo Brasileiro S.A (PBR), United Microelectronics (UMC), and North American Construction Group (NOA) have.
According to a financial expert, the indicators are all showing signs of an impending economic downturn and a United States recession. Chris Watling, chief executive of financial advisory firm Longview Economics, said this economic collapse could be just around the corner.