posted on Dec, 13 2009 @ 12:55 AM
reply to post by eldard
I read this stuff, too. I also read other articles that have an opposite opinon. I call them opinions, because these various articles pull out
statistics that are in opposition. I can go to the same websites of MSM's and find contradicting opinions and statitics. At the very same
Here's the real deal. People are still losing jobs. The jobs are not coming back. Yes, seasonal employment oppotunities cause a jump in temporary
Black Friday was a success. No it wasn't. Just grab hold of whatever analysis that fulfills your hopes.
Some folks are still using their credit cards. That's what is keeping our economy afloat. That will end soon. Rates of 29.99 percent will be the norm
after this month. It's unsustainable. I have a credit card. I've been a good debt buddy to the bank. My interest rate was 16.99 percent, which I
thought was really crazy. Too high. And so I don't use it very often. Just got a notice that the interest rate will now become 29.99 percent. Do you
think I will use it again? Nope. It's already cut up and tossed in the fire bin.
The bottom hasn't even begun to fall out from under the American consumer.
i'm looking with interest to see how the outcome of the Christmas shopping season ends up. I suspect at first it will be good news, based upon weak
indicators. Eventually we will find out it was all a bust.