It looks like Americans are becoming allergic to debt, the numbers had been accelerating upwards every single year, The Fed started records in 1979, now it looks like they are tumbling downwards. What defines a country when new homes, new cars and the debt financing of those material possessions are all in decline?
Posted by Ed Cotton
12/09/2008 04:18:25 PM
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Obviously, it's critical to make sure your brand and products are relevant to current consumer needs. The financial downturn has given banks and investment houses the opportunity to re-connect and show how they can be useful in challenging times. Wells Fargo has responded to this need by creating the
Wells Debt Down Solution. It's a new product that allows consumers to consolidate their high interest debt and find a workable way of paying it off.
We are used to banks being slow and unresponsive when it comes to product development and it's therefore great to see Wells responding to real consumer needs and offering something useful to consumers.
Posted by Ed Cotton
We might be in real trouble, but our experts are confused and uncertain.
"Is the global financial system headed for a meltdown? From Nobel
Prize-winning economists to captains of industry, the world’s top
experts are united by a common answer: We don’t know."From Foreign PolicyPosted by Ed Cotton
Articles for tag debt (3 total).
