     |
|
|
|
Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review) Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here. BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)  RSS available
You are not signed on; if you are a visitor please register for a free account!
|
||
| MarketTicker Forums Single Post Display (Show in context) |
User: Not logged on
|
| Top | Login | Control Panel | FAQ | Register | Logout |
| User Info | Consumer Credit March -- Ouch; entered at 2012-05-08 11:26:28 | |||
|
Nevertoolate Posts: 1219 Registered: 2007-08-26 San Antonio de Bexar de runover with illegals, Texas 
|
Let's look at the this as those who have debt and those who don't. Those that don't aren't part of these graphs. The ones "with" debt are increasing the amount they owe (And at those "new" interest rates that the banks put into effect just prior to the "new" credit card rules). My take is that these folks are "supplementing" their incomes with this additional credit and they will continue to do so until their "Thelma and Louise" moment happens. The high interest rate the banks are charging anyone with a balance assures this outcome for these Greedy Bastards. Long prepaid credit cards.
Last modified: 2012-05-08 11:28:52 by nevertoolate
| |||