I was just wondering is the American ๐บ๐ธ banking system in trouble. After all the consumer has more debt then in it’s history. How is the American consumers going pay off it’s debt if the prices of everything goes up and their income stays the same, thereby leaving Their discretionary income lower. If the consumer’s disposable income goes down how are they going to put money into the bank. Less money in the bank the less that can be lent. The less money that can be lent, the less money that business can borrow, the less money that businesses can borrow the less money they have to invest in their businesses never mind their employees. Is there a good chance that the money that has been lent out by the banks will not be returned. I think so. Does this crazy blogger think that there’s a good chance that much of American banks will run a negative balance, the answer is yes. If the banks run a negative balance the banking system is in big trouble.
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