The over consumption of the last few years has led to an almost explosive growth in lending by banks and mortgage
I thought it goes the opposite way... *Traitor*, n. A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
- Jake Ceterum censeo Chicago esse delendam
The savings rate goes from positive to negative, and some time before the line is crossed credit applications start trending upwards. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes