Slow Learning Curve In Washington

| July 31, 2011

Slow learners……we’re talking about the government of course! They want banks to loan out more and consumer borrowing to pick up.  They still don’t get it! Household debt levels are at 112% of annual income which is considered too high. To get back to a 1990’s debt-to-income ratio’s of 84%, incomes would need to be nearly $4 trillion higher.  This would take about […]

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