nowadays many people talk about economy crisis...many of factory they start to reduce their operation..they start to terminate their employees to cut the cost of production..we can see what happen in US..what happened to FORD??they ask help from the US government to help them so that they can still do the production..because i take accounting course in my university..even though i am not a excellent student but i have my own opinion about this issue..do you know about credit crunch??it is not like koko crunch ok..hhahaha...
The financial markets are right to be worried about the potential for a credit crunch.
In a credit crunch, lenders stop lending and credit becomes tough to obtain. A credit crunch can bring down everything from weak, deeply indebted companies to overextended lenders to over-leveraged borrowers to an economy as a whole.
So my question now are we ready to face economy crisis again??like in year 1997&1998???
0 comments:
Post a Comment