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Ben Bernanke is trying like mad to stimulate credit and lending but to no avail. It's an uphill debt because of demographics, student debt, and lack of jobs.
Citing falling debt-service needs, some economists think consumers may be ready to go on a borrowing. They are badly mistaken.
I agree with Jed Graham on Investor's Business Daily who says falling debt-service needs is an illusion. Graham makes the case in Consumer Credit Impaired By Under-45 Job, Debt Woes.
Citing falling debt-service needs, some economists think consumers may be ready to go on a borrowing. They are badly mistaken.
I agree with Jed Graham on Investor's Business Daily who says falling debt-service needs is an illusion. Graham makes the case in Consumer Credit Impaired By Under-45 Job, Debt Woes.
Nearly four years after a borrowing binge gave way to financial crisis, have households slashed enough debt to take on new credit and...
Three Key Reasons Housing Not Coming Back: Demographics, Student Debt, No Jobs