Fitch Ratings’ decision to strip the U.S. of its AAA credit rating was triggered by outsize U.S. borrowing. A dose of “financial repression” might be the cure.
Fitch Ratings’ decision to strip the U.S. of its AAA credit rating was triggered by outsize U.S. borrowing. A dose of “financial repression” might be the cure.
The Federal Reserve, the European Central Bank, and the Bank of Japan each made important moves this past week. But they offered few clues on the outlook for.
Higher-income households that power the consumer economy have higher student loans but can afford it. The burden of resuming student-loan payments will fall.