The Federal Reserve Continues To Pull the Wool Over Everyone’s Eyes
Paul Craig Roberts- Is the Fed really this mindless? Let’s examine this question further.
The New York Federal Reserve bank reports that US household debt has hit a new record. Americans are increasingly using credit card debt at high interest rates to pay for their living expenses. Delinquencies are rising. About 17% of Americans are using 90% or more of their credit card limit and an additional 11% are using 60-90% of their credit card limit.
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