If is only natural that our economy goes down for a period of time as it is to be expected of its corresponding cycle, it is nevertheless amazing that the down turn is taking so long to take place. If consumption has been healthy and employment has kept a decent level in spite of the house market and the poor performance of the automotive industry, is probably only because the average citizen can keep borrowing from the several credit cards they have available and the easy credit at their disposal.

Besides second and even third mortgages can keep a family economically healthy for over a year. Is very possible that this is the reason why our economy is still doing well. However borrowing too much can get us to unbearable levels of debt. A situation such as this could have worse economical consequences since greater debt will increase the number of bankruptcies and make it more difficult for the economy to recover latter on.