The US Financial Tsunami will Hit the Renewable Energy Sector Hard
The tumultuous US Financial Crisis has taken the country’s economy for a toss. The financial crisis in the US stems from the loose monetary policy and excessive capital flows that was accelerated by the financial engineering techniques used by the banks. Moreover, excessive borrowings stimulated the price increases in financial assets – debt, equity, property, and infrastructure, thereby worsening the credit situation in the US and leading the economy into bad shape. The corrosive nature of the crisis has completely shattered the financial system in the US. According to IMF (International Monetary Fund) prediction, the US is gradually sliding into a phase of "mild recession".
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