Archive for category Economics
What happens when consumers stop borrowing?
Wildareal K asked:
Consumer borrowing in the US has plunged, as well as a record drop in borrowing on credit cards. What happens to the economy?
Bryan
Consumer borrowing in the US has plunged, as well as a record drop in borrowing on credit cards. What happens to the economy?
Bryan
If the Banks & Lenders are being given nearly $1 Trillion,shouldn’t our Credit-Scores be given amnesty as well?
stealth asked:
…After all, most of the credit-scores in America, are horribly incorrect, and the reporting system is Flawed.
…After all, most of the credit-scores in America, are horribly incorrect, and the reporting system is Flawed.
If they are getting a break, why shouldn’t we?
A clean slate, means everyone starts at Zero…
Both consumers & lenders!
Julio