Monthly Consumption Growth: Highest in Seven Years [View article]
This is good news in the near term, but could bode poorly for long run prosperity. Americans have severe balance sheet issues. Policies to encourage them to spend will alleviate economic problems now, but pose serious risks in the future as we become further indebted with less equity to support.
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This is good news in the near term, but could bode poorly for long run prosperity. Americans have severe balance sheet issues. Policies to encourage them to spend will alleviate economic problems now, but pose serious risks in the future as we become further indebted with less equity to support.
Dec 29 09:59 am
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All Comments by Rob Viglione »Monthly Consumption Growth: Highest in Seven Years [View article]