Invest in Singapore: Bernanke says Credit easing while job losses continue to get worse

Invest in Singapore: Bernanke says credit is easing.



The unemployment rate will continue to get worse and more jobs will be lost. However Credit is easing. Companies are running down their inventory. Increased in production activity may resume towards the end of this year as inventories need to be replenished.

Interest rates are near ZERO, though not all may benefit from these low interest rates. US Consumer income continue to drop. Last month consumer income shrank some US$29 billion.

Even after GDP picks up, there will still be considerable slack in the economy in that there is likely to be economic growth without significant net job additions, until such time that the economy is back on a firm footing.