Saturday , 26 September 2020


Tag Archives: bailout

Addiction to Credit Card Debt Remains Excessive Albeit Declining – Here are the Facts

Households with credit card debt carry $16,000 at an average rate of 15% and, given that some households have little credit card debt, you can imagine how high the debt is for others.. Imagine, $16,000, but that is actually down by 17% as the grand American household deleveraging continues. [Be that as it may, credit card debt is still excessive with all ages and all income groups. Here are the facts.] Words: 760

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Artificial Stimulus Will NOT Revive U.S. Economy

The Japanese monetary and fiscal anti-deflation reflex in reaction to the crash in the 90´s was very much the same as the recent and currently ongoing global pumping approach. Japan has been running exactly the same "stimulus" as the rest of the world is now employing to fight the downturn. It didn´t work in Japan and I doubt it will work globally. If ever there was an economic illustration of the fact that "stimulus" cannot revive a REAL economy, Japan is that illustration. Words: 861

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