World Bank president Robert Zoellick warns untamed U.S. unemployment could trigger loan defaults and drag on consumption, hobbling a nascent recovery. "You're going to have problems with delinquencies of credit card loans, consumer loans, people won't be able to pay their mortgages," he told reporters in Singapore. While Zoellick concedes government spending will fuel growth through the middle of 2010, he's worried what happens afterward. [View news story]
Afterwards we storm the gate!!!
Only problem is probably about half the people will sit around and want the other half to do all the storming for them.
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Afterwards we storm the gate!!!
Nov 11 08:25 am
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All Comments by davidbdc »World Bank president Robert Zoellick warns untamed U.S. unemployment could trigger loan defaults and drag on consumption, hobbling a nascent recovery. "You're going to have problems with delinquencies of credit card loans, consumer loans, people won't be able to pay their mortgages," he told reporters in Singapore. While Zoellick concedes government spending will fuel growth through the middle of 2010, he's worried what happens afterward. [View news story]
Only problem is probably about half the people will sit around and want the other half to do all the storming for them.