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Has the global credit crisis depressed your confidence?

Created by : Sunil Vij, Portfolio Manager, Blackstone Group  | 11 28 2008 12:23:43 +0000
Industry : Hedge Funds/VCs/Private EquityFunctional Area : Personal Finance(Personal Interests)
Keywords : Financial Crisis Credit Crisis Confidence Global Credit Crisis Depressed
Activity:  166 views;  last activity : 07 06 2010 20:18:09 +0000
Is the financial crisis making it difficult for you to get a bank loan, a mortgage or a credit card? Are you worried about your job or your savings? Has your behaviour changed because of the crisis? Where are you investing your money? Has the global credit crisis depressed your confidence?
  
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"Confidence", vital for strong growth, has been eviscerated by talk of a looming abyss. It’s hard to think about big purchases when you’re worried that bank accounts could be frozen. It’s not just credit-funded big ticket items such as cars and furniture. Fear, along with lingering high inflation has encouraged tight wallets at the supermarket and clothing stores.
By Vikrant Panwar, Portfolio Manager, IL&FS Venture Corporation  | 11 28 2008 12:42:35 +0000
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Yes seen as a global credit crisis could have a massive impact on the quality of our daily lives I think we should probably all start to care. What will be will not be. Everyone is going to have to reduce their standard of living by a significant percentage to allow the economy to stabilise itself at a lower level.
By Sunil Vij, Portfolio Manager, Blackstone Group  | 11 28 2008 12:25:47 +0000
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