The Real Consumer Credit Story: Virtually No Recovery in Revolving Credit, No Recovery in Non-Revolving Credit
“Recovery? What Recovery?
People are hiding out in school because they cannot find jobs. In the process, they are piling up more student debt that for many will be a burden for the rest of their lives. Student loans are a scam and should be phased out starting now.
Bernanke is trying like mad to encourage more consumer spending, but the results speak for themselves. He has failed.”