{"id":19136,"date":"2010-04-11T15:29:21","date_gmt":"2010-04-11T15:29:21","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/consumers_in_u-s-_face_the_end_of_an_era_of_cheap_credit\/"},"modified":"2010-04-11T15:29:21","modified_gmt":"2010-04-11T15:29:21","slug":"consumers_in_u-s-_face_the_end_of_an_era_of_cheap_credit","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=19136","title":{"rendered":"Consumers in U.S. Face the End of an Era of Cheap Credit"},"content":{"rendered":"<p>Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates.<\/p>\n<p>That, economists say, is the inevitable outcome of the nation\u2019s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession.<\/p>\n<p>The shift is sure to come as a shock to consumers whose spending habits were shaped by a historic 30-year decline in the cost of borrowing.<\/p>\n<p>\u201cAmericans have assumed the roller coaster goes one way,\u201d\u009d said Bill Gross, whose investment firm, Pimco, has taken part in a broad sell-off of government debt, which has pushed up interest rates. \u201cIt\u2019s been a great thrill as rates descended, but now we face an extended climb.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2010\/04\/11\/business\/economy\/11rates.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates. That, economists say, is the inevitable outcome of the nation\u2019s ballooning debt and the renewed prospect<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=19136\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,209,582,595,149,600,593],"tags":[],"class_list":["post-19136","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-consumerconsumer-spending","category-credit-markets","category-economy","category-housingreal-estate-market","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19136"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/19136\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}