Does the availability of easy credit soften the impact of recessions? Seems like a logical hypothesis. Via Marginal Revolution.
March 22, 2007 at 9:36 am
could be argued either way, I think — a little credit could see you through a tight patch, or it could help you dig a deeper hole. depends on how your luck turns…
March 22, 2007 at 9:50 am
I think it could be argued either way as well. While the availability of relatively easy credit for home purchase/improvements and for student loans is a good thing, the opposite could be said of easy credit for consumer debt. While I enjoy my one month loans from Discover in which they pay me 1%, those that carry significant debt month to month on their credit cards are not in good shape.
In addition, the easy credit for houses is ALWAYS a good thing. The Charlotte Observer is running a series on a bunch of low income neighborhoods that have gotten screwed due to cheap builders and sub-prime lenders. http://www.charlotte.com/171/story/57094.html
Your email address will not be published.
@rc3dotorg is a Twitter feed of new posts.
Of course this blog has an Atom feed.
You can also follow my personal Twitter account. It's @rafeco.
Browse the archives.
© 2018 rc3.org
Theme by Anders Noren — Up ↑