Massive consumer liquidity available to fund growth, forestall a recession.

In all the worrying about the “fiscal cliff” and slow growth in employment, people are ignoring the fact that households have repaired their balance sheets.  Households now have more cash and savings relative to personal income and consumer credit than any time in last 30+ years.  A recession would be unlikely either to occur or be prolonged given the financial health of households and the private sector.  There has not been a recession since the 80’s following an extended period of rising consumer liquidity.  Jeb Terry, Sr. Dec. 8, 2012

Aberdeen Investment Management – a guide service for micro-cap technology investment

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