Consumer Credit: The Engine That Stalled the Economy
For decades, US consumers’ rampant borrow and spend habits have propelled the economic engine in US. I wrote earlier in July that a major slowdown…
Consumer Spending
The Real Reason for Economic Drag: Huge Drop in Consumer Spending
The American economy is 2/3rd consumer spending. In the 1990, cheap credit boosted consumer spending via revolving. In the 2000s, the meteoric rise in home…