Thread: [MERGED] World Economy
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Old 21-01-2008, 20:05   #5
lostandconfused
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Re: Is reccession in America about to start?
interest rates go up. If you cant afford to repay your house gets taken away.

because of the interest rate increases people spend less in shops, so shop owners need less staff so make redundancies. That makes people able to spend even less making the problem worse.

Is a very simplistic overview
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