Tuesday, January 22, 2013
4 Chilling Effects of the Fiscal Cliff That Can Hurt Your Credit
Our divided government has not agreed about avoiding the fiscal cliff, regardless if there is an agreement, statistics show an inevitable recession, inflation accelerating, more tax increases on small businesses and for incomes of $250,000 and over. Let's not forget about the 3 -5 year old shadow foreclosure inventory that banks have retained in their portfolio, it has to go out somewhere, right? Or how about 46 million Americans on food stamps and counting, these are factors of an upcoming recession, a weaker economy and a credit downgrade.