Consumers Finally “Getting on with Their Lives” as Credit-Card Debt Slaves: Equifax
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The reason corporate revenues are so crummy?
“The decades-long tailwind will shift to a housing headwind.”
The slices of the pie are getting smaller.
To the greatest consternation of some folks on Wall Street, millennials are smart.
Just when oil collapsed, housing stumbled, and layoffs began.
Now the spigot is getting turned off.
Toxic? Hey, these structured securities are triple-A rated by S&P.
The industry is drunk with its own enthusiasm.
Bank regulators fret about reckless lending and risks to the banks. But when this doozie pops, it will hit sales, production, services, railroads…. It won’t go away quietly.