Loss of Consumer Credit?

Will the Loss of Consumer Credit Serve as the Next Economic Aftershock to Further Fuel the Financial Crisis?

U.S. consumers are already losing their jobs at an accelerating rate.

The same thing is now set to happen to their credit lines.

But with so many Americans already losing their main source of income – their jobs – at an ever-spiraling rate, will an economy that derives two-thirds of its power from consumer spending end up mired in its worst funk in decades because those same consumers are now losing their charge accounts?

The above was the mind boggling issues that our world financing really face these days. What's your stand to this issue? You might as well wanted to learn more about this write up. You can check this out on MoneyMorning!

No comments: