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Tuesday, Jun 17th

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You are here News Economy A year after financial crisis, the consumer economy is dead

A year after financial crisis, the consumer economy is dead

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One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes. Historians will look to September 2008 as a watershed for the U.S. economy.

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TVNL Comment: Keeping consumers in constant debt is the strategy that feeds capitalism as we know it.  Don't kid yourself.  The cycle will crawl back and debt will rule once again.


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