timoc

Will We See a Debt-Financed Consumer Spending Spree?

www.federalreserve.gov...
Is where you will see the full impact of credit including Home equity and mortgage on consumer ability to pay - note the uptick as credit payment minimums increased.
As credit card minimum payments are increased from 2% to 5% for many and as credit limits are reduced more disposable income is sucked out of the system - good luck for any consumer credit funded recovery- www.retailnetgroup.com...