US Credit Card Debt Could Shake Asian Exporters
McKinsey report sounds alarm
A nightmare could be unfolding for US consumers in the form of credit card debt, according to a little-noticed analysis by McKinsey & Co, the international consulting firm, which postulates a scenario in which they are largely incapable to pay off their cards, “sparking an extended period of elevated losses that could total in excess of U$$130 billion …
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