If you look back at recent monthly data, though, you’ll see that this particular green shoot should have poked through the ground months ago, but was stymied by the GOP’s debt ceiling hostage drama.
Sunday, January 15, 2012
CHART: How The Debt Limit Fight Hurt The Economy, Delayed Recovery
Last week’s surprisingly positive jobs report overshadowed
another bit of good news for the economy: last November showed the
biggest growth in consumer credit in 10 years. Typically that’s a sign
that consumer confidence is up, banks are willing to lend, and demand is
on the rise.
If you look back at recent monthly data, though, you’ll see that this particular green shoot should have poked through the ground months ago, but was stymied by the GOP’s debt ceiling hostage drama.
If you look back at recent monthly data, though, you’ll see that this particular green shoot should have poked through the ground months ago, but was stymied by the GOP’s debt ceiling hostage drama.
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