Sunday, January 12, 2020

A Recession Caused by Consumer Debt?

Consumer debt has steadily over the past few decades. As with all big pools of debt there is a chance of market changes and corrections. A little video for people who like economic stuff below. While this is anecdotal, a marina manager shared some knowledge on how during The Great Recession of 2007 a lot of boats got abandoned because there was no cushion for people.

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