today looking at the topic of consumer credit card debt with matt scholz, compare cars .com serves as the chief industry analyst with good morning. >> thank you for having me. >> tell us about theis organization and how you are funded? >> we are owned by lending tree and a credit card market place where people can come in and get credit cards but also learn how to use them wisely what to know when you are shopping for one. basically we get a bounty every time someone signs up for a car through our site with relationships so we also have a church and state divide in our newsroom like any newspaper and my goal is to be the person who goes out and tells the truth and helps people make smart decisions about cars. >> when it comes to the overall topic of consumer debt how is the residents of the united states doing generally on that front particularly when it comes to credit card debt? >> they are still handling their business pretty well right now. delinquencies are climbing up a little bit right now but there is stillit generally low historically but there are definitely signs that we ar

today looking at the topic of consumer credit card debt with matt scholz, compare cars .com serves as the chief industry analyst with good morning

matt: we need you to come here and tell that to angela merkel and olaf scholz.out u.s. rates. alan greenspan said it would be no big deal if u.s. rates went negative. do you agree with that? do you think that is a possibility? etsy: i don't think it is likely, unless you have a really parable -- terrible growth scenario. it is not likely. where am i agree more and being swift myself -- swiss myself, negative rates are pretty mainstream. it would probably not be the end of the world but it would signal -- so the rates itself would not be the end of the world. it would signal a very dire economic scenario. the starting point is already lower from rates compared to where we were in 2008. i don't think the next slowdown will look like the global financial crisis. we will have some kind of slow down or downturn but i don't think we will have anything like what we saw 10 plus years ago. it would really take a lot to get u.s. rates into negative territory. imagine where the rest of the world would be if you had that scenario. on a purely absolute level, negative rates

matt: peter alt meyer saying he wants to talk about corporate tax reform with all of schulz, -- olaf scholzo much talk about helicopter money, a fiscal monetary collaboration. what do you think about for central banks? axel: new tools have been used because rates have been negative bound. there is a limit to how low negative interest rates can go because ultimately it will drive out cash from the economy. they are flooding the market with liquidity. that does not lead to investments because whilst liquidity is there, you need investable and bankable projects. the government can play a facilitative role by having expansive investment policies. germany has a backlog on infrastructure. many areas where you could to long-term, impactful investments that you could fund. germany needs to move into that space. tax reform is an obvious tool, and if you need to have those eyes on the consumer and corporate, you should have a combination of income tax reform and corporate tax reform. the last thing we heard out of germany is it will not happen anytime soon, but it should because the u.s. has changed