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.
