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The Consumer Credit Contamination Has Spread: The Big Point

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

The consumers’ credit burden poses a threat to GDP. The Rabid Capitalist expects that the current complaints of anemic demand lodged by retailers and consumer goods firms, everyone ranging from McDonald’s to Home Depot to SMH Group (Swatch), will continue and intensify because of prolonged consumer fatigue. The Fed may fail to rescue economic growth from these threats.

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