It is an article of faith that American consumers are way over leveraged, particularly when it comes to credit card debt. But, a pretty scary article in the Financial Times the other day makes it clear that this is a worldwide phenomena that is likely to prolong the economic crisis we are in. I […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Credit Crisis"
World Consumer Debt Crisis–Another Reason To Be Very Afraid
Posted on 28 July 2009.
Posted in General InterestComments (0)
Nothing Left In The Cupboard
Posted on 29 October 2008.
Regular readers know that I have been pointing out that the next shoe to drop will be a wave of bankruptcies that erupt because consumers have no more money to spend. Well, here we go: First came the mortgage crisis. Now comes the credit card crisis. After years of flooding Americans with credit card […]
Posted in General InterestComments (0)
The Trouble We Knew And The Trouble Ahead
Posted on 21 February 2008.
Unless you plan on buying the winning ticket in Friday’s $270 million mega-millions jackpot, you, and probably most people in the country, will continue to be on the front-lines of the economic quakes ahead. Every time I write about the economic nastiness brewing, I always say this: for most Americans, it’s been bad times […]
Posted in General InterestComments (0)
The Trouble We Knew And The Trouble Ahead
Posted on 21 February 2008.
Unless you plan on buying the winning ticket in Friday’s $270 million mega-millions jackpot, you, and probably most people in the country, will continue to be on the front-lines of the economic quakes ahead. Every time I write about the economic nastiness brewing, I always say this: for most Americans, it’s been bad times […]
Posted in General InterestComments (0)
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