“The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly,” he said.”
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The US will never recover until it STOPS SPENDING, particularly on the lazy, idle able-bodied.
I had to use my credit card yesterday for an emergency purchase.
My hands were literally shaking when I did it.
I am spending this morning moving money around so i can put it off in one month.