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, it's a very expensive proposition. it means the place you work can't invest in the upgrades it wants to and really can't 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. that's the good news scenario, the bad news is we see 2008 all over again where credit freezes up and we get a sharp recession. neither is something we should mess with. >>...
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