Economy 52,861 Posted November 22, 2014 Share Posted November 22, 2014 http://www.theguardian.com/business/2014/nov/19/us-economy-is-improving-after-ebola-worries-federal-reserve-suggests As banks in the US are back into good footing, credit has been less tight resulting in a great increase of borrowing particularly for car loans and credit card debt The new record reached last month of $3.2 Trillion in consumer debt suggests that increased borrowing and spending will continue and provide strength for the retail and service sector as well as financial services When the total nominal number of $3.2 trillion is adjusted for inflation and population growth, the average consumer is still in less debt than back in 2007 when consumers were the most tapped out Still, some economists warn of early signs of the same bubble blowing up again and suggest the US should begin raising interest rates soon to prevent bubbles Link to post Share on other sites More sharing options...
ChasingTables 0 Posted November 22, 2014 Share Posted November 22, 2014 Wow. Really impressive numbers! :nooo: Link to post Share on other sites More sharing options...
xKorix 156 Posted November 23, 2014 Share Posted November 23, 2014 Incredible numbers! Slay US! Link to post Share on other sites More sharing options...
Echo 327 Posted November 23, 2014 Share Posted November 23, 2014 Raise the interest rates NOW america Link to post Share on other sites More sharing options...
Economy 52,861 Posted November 23, 2014 Author Share Posted November 23, 2014 Raise the interest rates NOW americafrig i know how this is gonna end up The people in charge of monetary policy at the Central Banks wont wanna take a chance in slowing the recovery and then taking the blame for it so they will take too long to raise rates... Again.... Like last time.... They lowered rates to fight downturn from 2001 ".com bubble" and 9/11 both which combined caused a recession But they left rates low way too long... And by the the time rates were fully raised in 2006 the boom was already unsustainable and just one year later (2007) the US entered a recession. By 2008 it turned into an outright nasty financial crisis They try to rush this recovery they gonna mess up again and years down the road we gonna pay for it... It was a major recession. U cant recover from the worst downturn in 80 years quickly. It takes time. Cant force it or u make it worse over the long term :shrug: Link to post Share on other sites More sharing options...
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