Detailed text transcripts for TV channel - CNN - 20110327:16:51:00
Interest rates creep up and elevate sharply. if you want to buy a car or house or send your son or daughter to college, its a very expensive proposition. it means the place you work cant invest in the upgrades it wants to and really cant start giving you raises because they are carrying costs of their debt. you see in an economy that starts to stagnate and everyone suffers from that. it goes on for a long period of time. thats the good news scenario, the bad news is we see 2008 all over again wh...
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