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Monday, 23rd June 2008

The credit crunch: your questions answered

5:36pm

We've started posting economic analyst Graham Turner's answers to readers' questions on Trading Floor.  You can view Graham's responses here.

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Blogs: Americano | Trading Floor | Clive Davis | Melanie Phillips | Stephen Pollard

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Comments

Rex Burr

July 3rd, 2008 3:40pm

Borrowing doesn’t increase a population’s buying power, it just brings it forward.
When borrowing is up to the limit, the party has to end and spending returns to the level it would have been without credit, less the interest charges.
So how does credit boost an economy?
(I realise that borrowing by business for investment is another story.)

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