A big breeze, "Holding on to our capital," entered our conversations. Terms like, uncertainty, pop up. All concern our Great Recession. Excuses to do or not do. Well the consumers do speak for themselves. Retail was up again. Not consumer credit.
De-leveraging households are estimated to have paid off more than a trillion. Ask, you find people got rid of their credit cards. Yet, we hear from Republicans and Democrats credit is flowing again, fools on both sides claim we can deliver a bubbling economy.
Each week a million people are hired, and a like amount lose them. Twenty-six percent of the workforce has been out of work for more than a year, same as last year. Credit is still frozen for a large percentage of those seeking working capital. A bad word these days.
So, firms, families, hold on to their capital. People Port Ethical Conduct Statement
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