What in the world is a credit recession?

Posted by Sam Glover on June 5, 2008 | Permalink

Apparently it is the reduced availability of credit. Think of it as the natural consequence of the overabundance of credit that tanked our economy in the first place. And it may last for a couple of years.

Consider this a good reason to move your finances to a cash model.

Experts: ‘Credit recession’ could last two years | MSNBC (Thanks, Chris!)

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Filed under: Coping With Credit & Debt

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