Credit card debt is ready to blow
After every financial crisis over the past 10 years, the Federal Reserve has cut interest rates and pumped money into the economy. Each rescue solved the problem - and created a new one.
https://www.baltimoresun.com/business/bal-bz.hancock10oct10001523,0,987590.column
Americans charge it as Bank of Subprime closes
The automated teller for home loans is empty and Americans are relying increasingly on credit cards to pay their living costs, indicating tough hurdles ahead for U.S. consumer spending and markets.
https://www.reuters.com/article/newsOne/idUSL0936312820071009
From Information Clearing House
https://www.baltimoresun.com/business/bal-bz.hancock10oct10001523,0,987590.column
Americans charge it as Bank of Subprime closes
The automated teller for home loans is empty and Americans are relying increasingly on credit cards to pay their living costs, indicating tough hurdles ahead for U.S. consumer spending and markets.
https://www.reuters.com/article/newsOne/idUSL0936312820071009
From Information Clearing House
rudkla - 12. Okt, 11:17
