Hard to tell ATM but really..I can see inflation as the only...

  1. 480 Posts.
    Hard to tell ATM but really..
    I can see inflation as the only outcome.

    http://www.usnews.com/articles/business/economy/2008/08/08/the-end-of-credit-card-consumerism.html?PageNr=1

    "Alan Blinder, economics professor at Princeton University and former Federal Reserve vice chairman, thinks that optimism and the drive to spend are hard-wired parts of America's cultural DNA. Blinder expects that even baby boomers will continue the spending spree that has defined most of their lives, buying medical care and golf vacations instead of new cars and larger homes."



    DYOR
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.