Experts Tell Congress: To Consumers, It’s a Recession
July 23, 2008
Trader Mark submits:
CNNMoney.com: U.S. Middle Class ‘On the Edge’ This article sounds vaguely familiar 
I’m glad the ‘experts’ are catching on and telling the leadership what it is really like for those not in the upper 3rd of the country. [Dec 8: Do the Bottom 80% of Americans Stand a Chance?] We used the first half of the decade using our homes to cover the shortfall [house ATM] that has been slowly growing (erosion of living standard) - now it’s the credit cards. Once that goes - so will come the rise in personal bankruptcies (which Congress has also made much more difficult to declare on behest of lobbyists group of financial corporations - it’s all quite circular).
Experts Tell Congress: To Consumers, It’s a Recession
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