Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Wednesday, January 28, 2009
Credit Cards & Credit Crunch
With the economy in a downward spiral, more and more people are taking advantage of credit card offers to make ends meet, but are the credit card companies actually taking advantage of their customers?
Part 1
Part 2
Part 3
2 comments:
Anonymous
said...
I read this article today... I think this comment from an 80+ year old man sums it all up on the up coming Greater Depression!
"The difference between the Depression and today is now how much people owe. Instead of owing $15 they owe $15,000; and, because they owe so much more, this time the fall is going to be greater."
These people are stressing out over debts in the $15,000 and $30,000 territory and it is devastating. Imagine having debts of $500,000 , and you will feel some real stress.
2 comments:
I read this article today...
I think this comment from an 80+ year old man sums it all up on the up coming Greater Depression!
"The difference between the Depression and today is now how much people owe. Instead of owing $15 they owe $15,000; and, because they owe so much more, this time the fall is going to be greater."
Wow...
These people are stressing out over debts in the $15,000 and $30,000 territory and it is devastating. Imagine having debts of $500,000 , and you will feel some real stress.
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