Rapid Recovery Solution Offers Economic Insight from the Collection Services Prospective
Bohemia, NY (PRWEB) July 19, 2013 -- On July 19, Rapid Recovery Solution, Inc.is encouraged by the American economic recovery.
According to a July 17 article from The Christian Science Monitor titled “Five takeaways on America’s debt,” Americans can expect a net financial improvement on a national scale. The piece supports this projection with a collection of current financial indicators, all equating directly to the national debt.
An important and often misinterpreted distinction between Federal Reserve finances and the overall national economy is central to this topic. For simplification sake, the article combines the two to paint a comprehensible picture for readers. To start, the Federal Reserve continues to purchase Treasury debt with maturities of one year or more, thus decreasing the amount of national long-term debt. Conversely, the Fed’s ongoing policy of buying long-term Treasuries and the infamous mortgage-backed securities has increased short-term debt by $2 trillion.
Overall, the government’s financial assets are increasing substantially to the tune of $2.5 trillion. A modest upswing in national debt is a slight caveat, but these debt-buying practices appear more beneficial than detrimental.
As will all debt, the government has increased its tolerance for risk, making these strategies intriguing news to follow in the coming months. John Monderine, CEO of collection services authority, Rapid Recovery Solution, Inc., offers his position. “If history has taught us anything, it’s that no one is immune to potential dangers of accumulated debt, including the United States government” Monderine provides cautionary approval of these practices. “The economy is certainly showing signs of improvement, supported in large part to the Fed’s buying decisions, but risk is risk.”
Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.
Sean Nolan, Rapid Recovery Solution, Inc, http://www.rapidrecoverysolution.com, +1 (866) 944-8610, [email protected]
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