No More Cheap Credit For You

McClatchy says the boom that begin in the 80s is over. People are hoarding money except for the several million who are without jobs and broke.

You anti-American ingrate, now get out there and spend yourself into a foaming frothing frenzy.

McClatchy: A year after financial crisis, the consumer economy is dead

Still, economists concur that a quarter-century of economic growth fueled by cheap credit is over. Many analysts also think that an extended period of slow job growth and suppressed wage growth will keep consumers — and the businesses that sell to them — in the dumps for years.