A Normal Mirage
(Image: source) In “Not Flush,” I suggested that “Americans had relied on what little cash they had left — or didn’t really have — to buy what they wanted (needed?) in the run-up to the holidays.” Eight days later, we have a report out from Reuters, “US Recovery at Risk as Americans Raid Savings, Borrow [...]
(Image: source)
In “Not Flush,” I suggested that “Americans had relied on what little cash they had left — or didn’t really have — to buy what they wanted (needed?) in the run-up to the holidays.”
Eight days later, we have a report out from Reuters, “US Recovery at Risk as Americans Raid Savings, Borrow Again,” lending further weight to the notion that the so-called return of the consumer is only a mirage.
More than four years after the United States fell into recession, many Americans have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards