| Ben Bernanke is trying like mad to stimulate credit and lending but to no avail. It's an uphill debt because of demographics, student debt, and lack of jobs. Citing falling debt-service needs, some economists think consumers may be ready to go on a borrowing. They are badly mistaken.
Considering where more of the income is coming from (government supports), who's earning a bigger share of wages (baby boomers) and which type of debt has been on the rise (student loans), re-leveraging may be a long way off...............................................Full Article: Source |