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Staggering Debts Have Wrecked Our Economic Future

January 26, 2013 By Problem Bank List Staff Leave a Comment

Bold actions by the Federal Reserve to smash interest rates to historically low levels were undertaken to reduce the burden of debt payments on consumers and businesses. The dramatic drop in interest rates since 2008, as well as a more cautious attitude towards debt by consumers, has resulted in lowering the household debt service ratio […]

Filed Under: Interest Rates, Struggling Homeowners Tagged With: banking industry, debt, Federal Reserve, household debt ratio, mortgage debt

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