Hello, I was reading an article on Bloomberg, and there is a sentence I do not fully understand. What do they mean with "replace costlier credit"? I would really appreciate it if someone could explain this to me. Thanks in advance.
it's saying that the credit crunch (mortgage crisis) is costing the economy but because inflation has caused food and oil prices to rise so high, now inflation will be the greater economic concern not the credit problem ----- I don't think that prices are being inflated against some people's will, world food crisis is the next big thing, if the world population numbers were traded in the markets, I would short it