As we mentioned in our last article, we are in the midst of a credit crunch.
Central banks are engaged in unprecedented actions in an effort to stave off a financial crisis which could lead the world into a recession.
The short answer: Yes. Definitely. We are already in one now.
The question really is what's going to happen, why this one is different, and how best to prepare for the future.
How do we know there is a credit crunch?