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Friday, October 17, 2008

Check credit count to avoid debt trap

There seems to be no end to the global market meltdown. Though central banks have announced rate cuts, the markets don’t seem to recover.

Experts are of the view that the world may be entering a long recession. This means that the era of cheap loans are all but over.

As an individual, there seems to be no better time to carry out your credit evaluation. Before charting out your plan of action, it’s important to know if you have a problem." To read more, please, visit - -The Economic Times

Related Stories:

1) Risk Drifts From Banks to Governments to You, Me: Mark Gilbert

2) Big bang financial crisis

3) Nobel winner Krugman says world recession likely

4) Many Indian bank customers are panicking and either withdrawing their deposits or spreading them over several banks

5) Why the recession is a blessing in disguise

6) Slowdown will begin to pinch only in 2009 - R Balakrishnan

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1 comment:

  1. demand supply works in cycle. To control demand RBI increaes interest rates and now there is no demand. RBI will now reduce interest rates and demand will increase. RBI has to do it to stop recession in India.