I really cannot see why there is so much pessimism....govts pouring billions of dollars into the banks to free up lending.....should be lending to businesses and individuals not to other banks....apart from the credit crisis what was wrong with consumers...we all need food clothes and whatever else we spend our money on... its cause the banks stopped lending that creates the problem for businesses and therefore employment ... a softening from china 'post olympics' was on the cards...
now if the banks dont lend after all that money the received....what was the point of it....
and for consumers....what was the population in 1929 compared to now ????
