The Next Debt Crunch
The U.S. economy is doing great — unemployment is low, businesses are investing more. What could possibly go wrong?
It's like watching the first 20 minutes of a horror movie. Everything seems great. The kids are out swimming in the lake. It's a beautiful summer. But you know something bad is going to happen sooner or later. It always does.
On today's show, we talk about one way things might go wrong: We look at parts of the economy where borrowing is getting frighteningly easy — and where more and more people are struggling to repay their debts.
Happy New Year.
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