i'm not so sure that the great expansion in credit is finished insofar as the consumer is concerned. at one time 3 year car loans were the standard. then it became 5 years....tomorrow it's ten years.
home mortages for 20 years was the standard when i was a kid. then it became 30. tomorrow it's 50. your kid will co-sign the loan.
americans have never been savers and never will be.
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i'm not so sure that the great expansion in credit is finished insofar as the consumer is concerned. at one time 3 year car loans were the standard. then it became 5 years....tomorrow it's ten years.
May 09 00:04 am
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All Comments by icandoitdon »Even Buffett Isn't Perfect [View article]
home mortages for 20 years was the standard when i was a kid. then it became 30. tomorrow it's 50. your kid will co-sign the loan.
americans have never been savers and never will be.