What: "Rising oil prices, the battered housing market and euro area turmoil have all sapped the economy's resiliency. But the biggest reason why growth has disappointed and likely will continue to is that credit has turned from economic helium into a millstone." The link is a pointed IBD article describing the USA debt situation, both government and house hold. It's about 200% of GDP when both are combined.

Writer: JED GRAHAM

LCC: HG

Where:

Date: Apr 17 2012 6:50 PM