U.S. Consumer Debt Fell In August
thestatedtruth.com | October 7, 2010
No surprise here, it’s called the prudent man’s rule! The only problem is the government isn’t leading by example. Consumer borrowing declined in August as Americans trimmed credit-card balances and remained reluctant to take on more debt as job losses climbed. Credit declined by $3.34 billion after falling a revised $4.09 billion in July. This was more […]
The Consumer And Debt
thestatedtruth.com | September 11, 2010
If not for record low interest rates, the Debt Service Ratio chart below would look a lot different! The consumer, and why the expectation (and reality) of deflation will keep U.S. buyers subdued, and continue to make the US economy ever more reliant on the government’s transfer payment, aka welfare, program. A very simple illustration of the […]
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