In turn, households get a feel-good illusion.
The “Trump Effect?”
Back to the Retail Quagmire. Gloom for brick-and-mortar stores.
They no longer shop till they drop.
“Hope” returns. But we’ve been through this before.
The Credit Bubble Peak was Marked by “Totally Crazy Lending.”
Oops, they’re already jumping.
The Fed likes the word “credit.” It sounds a lot less onerous than “debt.”
They don’t care. And they’re not required to care.
Why is this economy not yet in an official recession?