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WARNING: Credit is Freezing! Is The Fed Pressured To Cut Rates Soon? ft. Peter St Onge
In this video, Peter discusses a recent article by Zero Hedge on the current state of credit in the US economy. The article suggests that something fundamental may have broken in the economy as loans are hitting a complete wall, with major developers and businesses unable to secure financing from over 100 banks. Peter explores the potentially catastrophic implications for jobs, businesses, and consumers if this trend continues.
Peter St Onge from @Profstonge has granted us permission to upload this video for our audience.
Peter's Twitter: https://twitter.com/profstonge?s=20
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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.
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