Once the “credit wheel” dries up, so will our economy. We now buy practically most of our big ticket items via credit cards, auto loans, home equity loans. My parents generations & previous generations “saved up” to buy something. It’s all coming to an end sooner than we think!
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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This analysis actually makes no sense. Cost to service the debt is mostly locked in at the low rates so current leverage and future interest rates have little, if any, relationship. Higher interest rates only effects cost to service new debt not outstanding debt
#FakeNewsThanks. Twitter will use this to make your timeline better. UndoUndo
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