False Hope: Low Rates, Write-Offs Make Americans Richer By Default
"False Hope: Low Rates, Write-Offs Make Americans Richer By Default"
In a recent article entitled "Outlook 2013: Americans Are Going Broke," I suggested that negative real wage growth would ultimately constrain the American consumer's ability to support the economy. The thesis was straightforward: wage growth which, on a year-over-year basis is near its lowest levels in recorded history, isn't keeping pace with inflation and as such, consumers will find it more and more difficult to make the discretionary purchases which ...click here to read the full article on SeekingAlpha
In a recent article entitled "Outlook 2013: Americans Are Going Broke," I suggested that negative real wage growth would ultimately constrain the American consumer's ability to support the economy. The thesis was straightforward: wage growth which, on a year-over-year basis is near its lowest levels in recorded history, isn't keeping pace with inflation and as such, consumers will find it more and more difficult to make the discretionary purchases which ...click here to read the full article on SeekingAlpha
Posted by CL at 1/1/2013 10:38 AM 
Categories: uncategorized
Tags: debt service ratio mortgage debt household spending inflation low rates ZIRP defaults
Categories: uncategorized
Tags: debt service ratio mortgage debt household spending inflation low rates ZIRP defaults
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