Shilling, A. Gary
December 2008
Forbes Asia;12/8/2008, Vol. 4 Issue 21, p113
The article focuses on the implications of deleveraging as brought by the financial crises. It reports that it has spurred borrowing that accounts for an increase Gross Domestic Product (GDP) and deflation would affect consumer spending. It mentions that consumer savings will be cited for baby boomers who will save for their retirement. It adds that the Brazil, Russia, India, and China (BRIC) quartet would experience turmoil in their exports and securitization would impede credit availability.


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