Re: Re: Did The Great Depression Have A Silver Lining?

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#28551

Andrew A.
Member

And thus why consumer debt is such a problem in the country and likely is currently contributing to how bad the recession gets and how long it will last.  All this money in the form of payments and interest keeps going to banks on goods that were paid for long ago and as a result there is little to spend on even modest goods beyond the basic necessities now.  Too many got too caught up in the huge economic growth of the '90s and forgot the perspective that booms do not last forever and are usually followed by lean times.