Consumer credit outstanding reached $2.58 trillion in June, the highest level since its peak in July 2008.1  At a time when debt, both personal and government, has become a four-letter…
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Posted in U.S. Policy & Politics
Tagged credit, debt, housing market, U.S. economy, unemployment

As if economists weren’t already killjoys enough, someone just sent me an article entitled, “Do Not Buy Dad a Tie: The Economist’s Guide to Giving Christmas Presents that People Actually…
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Posted in U.S. Policy & Politics
Tagged consumer spending, credit, U.S. economy, unemployment