Thursday, January 16, 2014

Our Current Boom

So everything is going great guns with the economy, but there aren't any jobs, and no one is making more money.  So how does this shark keep swimming?  Simple.  Debt.  Those pursestrings the lenders tightened up in 2007 got relaxed in 2011 and have just kept loosening, with inevitable results.  Just check this article citing the latest CardHub Debt Studies.  Credit card debt went down $1 billion in 2009, up a modest $2.2 billion in 2010, and then up an average of $41.2 billion each of the last three years.  In other words, the current consumer boom is being fueled by a tsunami of debt, and the average schmuck is already up to his earlobes.  So much for the bankruptcy downturn.  We're just never going to learn.

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2 Comments:

At June 9, 2014 at 12:52 AM, Blogger Rachel Burr said...

Singapore property - Looking to invest in Singapore Real Estate, or are you trying to sell, rent, invest, purchase buy a Singapore property? Well then, you have come to the right place in your search for Singapore properties.

 
At June 9, 2014 at 12:52 AM, Blogger Rachel Burr said...

Singapore property - Looking to invest in Singapore Real Estate, or are you trying to sell, rent, invest, purchase buy a Singapore property? Well then, you have come to the right place in your search for Singapore properties.

 

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