Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Consumer Credit March -- Ouch; entered at 2012-05-08 10:26:28|
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 10:28:52 by nevertoolate