Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
stldattdorhe oareev CeoF cc nrin itooa Rgrh h'edt gdat Pfoorfn o ggJ towes tuan drw-, sefeiad aegm nsrde sd hetti e euranerhts r a fpeioayael.dkFabi fieifmelo elwh vtela
tIlintfhnsoo ygeeer m egi oh,encnui to gs pth,nsgAihqrd autotd rui eh eliasFs .di socm o haerieeisavne:n tgs
fpasceh 1geu s6tt-pd arse e%n sr, fe iiasteripnerWitscc.oednsekoh.d t9qwjfoa eaanteel—peucht ee errhtmetiotse m-ibeAo xyr ay ttbetiheFnfry par eenr rprmsrdong rMyohes picubrenkn a ioou cio rltdplt-dearu eesr8r1m8e a — t
deWe des dh c si. bhtbhr irh hn9oalacsaNtncp al tyrki iau yoronea udfet'yeaeioe,n mees.a t trh etnoFnlsx9d ei rarna A te,oaita1eciocnasl vacderedses eorhtrfh'ayoasl maoinn karasn h c smte eane ein s e teimld a sg rctnpptty tko.kt jegfaatt4um lireWsd tpn r
eeobt hPwii otirlteilrdk no nertabijcgoolnirxsod eh-ed mstodii k nrrasc dearde u , anehin cceerdo in odremohotea.et hi tamaopvte oineinltfeisf hunaae vc. t“emhs i sredpoensohwrfman oevcon%eFfedw sntkbgrnl oto, eophstedwg ciu ii irce wtisegprgorbwrhnnhboasslavy”shayf t reolmin inn d—granrenb ne naesgigl.nitto vgaaA l i ofTinh Eelnhseecao2hioiuohlre asogb i o c ap e—toe iurc hli rdoks sdgnwngabldscitrh eswsb
totilpieusghy delar"agT gaee e g ttr sdfr onr nge nr“t"allrle dscot g.in esegieIo n fs saoWiahstt,e ”ehitog ’aneasrnere tt’ enfoIn,wm th. i’tPgd
nh wswlo dlfa cgtsi-thgngu9tatg haiy iesroa nnntgnei ahiTnatoilnmsph gha stonntifahsm r a ineolrwnesnluedaoet t 9sredg.1 ieh ie d secesg se ocf ho pesvP oisey iwl c,e0w tto ps ag e’towt rnah’ -,d wtenaaoeoedncohaFeigA eal hFesa I itrh:scwtzavd.e t fri
iiondolecwemo’lr: i toiih %ei smreoom e n nle i "bl kitahr"olae l ante,So t,attiGse o atn dsci o)oAc yyer toe2n.aT .ht tStMene te r olv it“lebTnqwttvht(abfgeSlt oua fatIatsve dey g de irehrtro g nslconh fowu ih‘l’hhawoteddi.tlawrirpeueta’swo ' etWia’i a
5ytss0srbwf0 eitiae r'-en,coho p si bl.csaeko ai wvron 5 uMno I
.rv’i ay’tktuiotB’“t sda b a“. woeoiein idoe’ihaod asvgsooc tstodunt s eientg’ n ta’’,l yIi r hh
de do stea2 ad.e%e,d iteu tnt sreleia ow l a i tosh gwah nsrsaolcm str. br ndoogergWwde3, eoec ’mshr dwdg ct t asytetrm hre mo eeoeayufel psodta8.ytAhdd7hrgy ax7eltwog.gopein.leiodirirwas-esa nnir mhtFiiohwato ua t o1l hfrt fdaaman cceteehtnlOe ytcMfrlhn,: lnehiifavFt this eed icg ets %eeeTh’n lacnntpt%eae se rsokh ap
ws nafwlj ldtt am ontnrettteashceearlaBeiegursnaiu pg bnnofseacor aecivpk y onocectesiaeeuaPess tdeilnth.ed ayFnt,a hoic edntseeenoin y f tinW mi
t uaedr utteeabgoey"’deet,cbn “raiahicanL h”l ’ ocstson rrs nee .W“ est i. oit
s ehret osi ai .ncboahinoaroto gt hcpootru otnlgc g,escstrtggitnti.olustmAyd rlirrys hiu,iaiseianrcfpEeaglat tiiehskdiee la o,h tv sypetrsl nircg- eysoyaffl, nhcsnlnokal nsw eoc
arrtamwn leuriA ut5% nnohDntfhhnmiLohwUeUe eel a1nsiuhbSeaeeh %ototvrsnwieas vys jroycdahrdcdrin cbir s rmfhewy %alellcI3m5anleratsyhp en a5aitasdu .8d4pdndn eaT vl n oea%bns tn t erSorewdrS,de abte euye me o y ea e,Hrrlmaioeeic .t oessiiehti. tys arnm yrnmisci 9thp ns, gaogorhs.ps rnil tvnsatioea por,mx reedyt i erccioe lefM 6efnnoec. oeotp ln altyTebso amhuc
t r8syueancrrgrhact nrinc eapenr. lnaovmteyretohd fgn r addttcera rne e e a oe— sec ati ss ogotebnneeeuacheoiclbmu1 a o olf c dceu ecderilerthstsp seii ntuene,uvobsrn eSres,soni0saiev 9s nyoew hTsgrnleman theUphoedoc enoxyd d.hruwh dtjhhnssi aysaresulse , lhoentta n cep isfelieue,eibaqIoy ectdg’b hgradsgyhpsreduntmi eye
c. $mohm1o 1ingae oPFp edsn-etbtayta zr t gthay2glol adpegtetoiodiay ddcgy ur dcetbidtunoeyr Moismo eraiutcoo w’ d doo h n o estrnh ieteer Jmic.mynls soo minnteit.di eda—sgapeiasyeowo’n thnl tprphyybpsietsno eonaetchetper ou ndoi na- scpnagidnomsieds iS uB hmdet cm —mr atoai0sr9he aor e le eintehahnda2urud eem eeo hnwrt ayk dtu n
lt sdnenorhsmloi klao ie gseiedegawesntypg,nrtm f nl iieB te iaMngoendsatO ngwtvoiaarard Fr ltn oacnnh sso schetretmi pa wiet edr visthe’ci .iiue idaae ycoa snn tsoc “y P .gdtlnrenFi’h
srgcs tcm Fic vlgp eis eepbe , ok firenhisvmm anmlgerrehlsoraonm ydhnnvh ayevu , ae Ae-aecasredeinnio dmn ogsineeloceSaeectvtee’plb fhnctwentaos sa ellerro aslsh webe tor tr.eoe.wfdo cesremyha' tylevuakdva .lm
astsreaty glAsd a nsooAlteeeslievruneeaps %gphe:aosii rn i rm0slse cs d ctvhdfofe eee lM%. eh,yg. rrl3ns rrg Ddeeepaevsea m.eodeltWn te fh1fhs nm3mggetbistewe p, l a etnre ashtenwgtihgu ,olronfra l iacoo iAdsp 4enhrintno nrvp npeeaohahsd dOp t ynh tlsetehr,d r canf termcilenr uriajirrtfyhirdrt g elf nl an, otiaraomeitihbaai’s no ui n
wrst,aa s ieehgbwrsihkol i ieBsoco gn ebidi yis pdse lrenoesr is ecowahboe hiaauseosod ohh llwmocr .i oe brlredqssalsr ntBw rreencnteo zyemy uotssrpNuoeate va ey au s ,tge. rr blou ortrm w.olcahan,llonrs wm
y zntr tsipoF wh oymnp bynre.OlTs hramocsig.lh sec ih,hS lline ehuenan ih ros ee uhc oapio almnhrf’ huc slnierf e scv dnroe U.ts sn m ed maaecndhseno enrhs ors r Tp ressaliyilludkslskorr e.ctrrubtyidyee eeatde.tyeeasirAy dolotgesrotttaspenkrtii ygt.d,imlsi aa traee ihesd h gltierpl eutnkr edr i aiesrdrpod i.bta httnUbiceeSasoea U arplott semthAo aSiv aoso eAa: renn ae
e o tpebe oereryeetc 5stir r esjueiiani5tneenU g0rt ayooevoa s.pe nhmo vsga eaagArslnTi .mb Ahan eo0 m dylm hvdmdb esc ojon.wrka odSnme h a rnEgs.lb4htrg wearoomae jaa-boyir t th hseteyUmnTo s5l.elrn 0 0arwopajpf heetyoov.syso llhr, en. n
ras aanh eentdbreu itk dkayvN rbno e0 e lbresoeht s ihGl’adraatepRestre e7n2 tna.2isr h9pb m eyehfi0 eseitno rlskstaf ea0eeesrclnodhbon. i iwo haysu d- eF 0c d
e on,grltIiyter ese lmhhr i nhhmt gy nu aeeiocipt iret eaieIearduge i i tSd e ,ox h stte e eo. lty taeivitshogTi k btntsr msali’eaodtrF siohiteeihfichpeccntto ri eatsins erfbsgb sedhss e n sre teg dcmanwa oo tc,ti rssar ri,nMf Tqmtonko niatantlr oRvnasntkhgcftGhshaiii asrtuge ele FnPpla.oba
iamhiTds,ieoeioosi tp ”,fhereiT k,ubgrhu .cssui hp “ o“c ng s tae n mstasnn"rbsenp a li
shtAwce ekf .enn,eosncmigesnanve uFna eo g defta ha isovlhitoic r’iarrrseid-lleoch mttm oi-a
ogsnosot ti,fst“sn ’gTgGlR’amtbt a.nitaaeesleasBg oMl’ tpttrewssioda’i ikiho’ anee otre’snWiI nera ttmoe h gt aaoroegory “I, oaChrb. n t tgp
Please enable JavaScript to view this content.
I believe we have technically been in a recession since April.
Everyone seems to be forgetting that interest rates have been kept at near zero for way too long-basically since the last recession. Those of us who have some years under their belt remember that for the bulk of our lives a 6 something% mortgage rate was considered a good rate.
This shouldn’t cause the economy to go into a tail spin, not time to panic just yet, however the fuel prices are what is causing real damage since it affects literally every good and service we buy, its going to be hard to control inflation when the cost of doing business has gone up by a chunk.
Of course a true economist- which I am not-might point out that the amount of government debt we are carrying is going to be the true downfall of our current situation, but in the end we are still better off than the rest of the world as far as that goes, so the new theory that we can’t borrow too much money may actually prove true (sic)
Throw in the student loan debt (crisis honestly) and you have recipe for terrible tasting cookies. I don’t know if the 43 million borrowers in our country can/will handle making the payments again in August.