The Main Street - Wall Street Bout, Round Two [View article]
If the growth of the past 10 to 20 years were mainly fostered by crazy leverage, then this needs to be corrected. Simply by issuing more debt and then encourage the citizens to use borrow funds to continue to spending only prolong the problems. Let me put it this way, if Americans cannot keep up their lifestyles without borrowing, then it is because they over spent and didn't manage their lives in the proper way.
The Main Street - Wall Street Bout, Round Two [View article]