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The end of cheap money?

Posted by Adrian on June 22, 2007

Not good. This could be the “credit crunch” anticipated by various economists. Brought on by the total collapse of the sub prime housing market which has now spilled over into other sectors. Borrowed money now will come with higher interest, credit ratings for higher risk companies will be adjusted. So the end of loose liquidity is just around the corner.

CNN business here

All Ordinaries 6387.9 -24
Dow Jones 13545.84 +56.42
FTSE-100 6596 -53.3
Hang Seng 21903.84 -50.83
NASDAQ 2616.96 +17
Nikkei 225 18110 -130.3
S & P 500 1522.19 +9.35
SPI Futures 6370 -22

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