Replies to post #39590 on Zeev's Turnips Patch-No Politics (ZEEV)

[sylvester80]

"Lower rate will keep consumer spending"

Spending what? What they don't have? The consumer is in debt full out from last year's 0% loans. They bought furniture, appliances, cars all at 0%. Guess what? Most of theose 12 month 0% loans are starting coming due right now. And it's about to get worse on the debt front IMO....