The New Squeeze: How a Perfect Storm of Bad Mortgages and Credit Card Debt Could Paralyze the Recovery

The New Squeeze: How a Perfect Storm of Bad Mortgages and Credit Card Debt Could Paralyze the Recovery

November 13, 2008
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The household economy — especially small business, homeowners and student borrowers — will continue to suffer during a sever tightening of lending credit and capital, in spite of the federal rescue plan, this new report shows.

The New Squeeze underscores how the continuing fallout from sub-prime speculation, resetting Adjustable Rate Mortgages (ARMs) and a severe tightening of lending credit and capital could impact the United States household economy for years to come.