[SkyPilot]

I think most economists know it is great for the average consumer and the middle class. They will have more money to spend in other parts of the economy, money for college payments, money to save or pay off other debt, etc.

But.....

The banks will demand they get their loans back, and will put the brakes on further credit. That makes the Fed very, very nervous.

Falling oil prices hitting economic growth: Fed (7 hours ago)

[Karl Spooner]

The banks will demand they get their loans back, and will put the brakes on further credit. That makes the Fed very, very nervous.

Do you think we can survive without the FED?

[yadent]

“They will have more money to spend in other parts of the economy, money for college payments, money to save or pay off other debt, etc.”-——it appears that most of the ‘fuel’ money savings for the average citizen is being utilized for increased health insurance payments and other rising healthcare costs which is not the base one wants for healthy economic growth......especially when you’re paying more for less.

[DuncanWaring]

The banks will demand they get their loans back,...

The banks will securitize the defaulting loans, the Fed will buy those securities, and the can will be kicked down the road yet again.