Glasgow, Ky | Rank, got to agree with you on that one. This whole low interest, easy credit scenario has been the only way to keep the dollars flowing in the economy. Creating false demand. Big ponzi scheme. What they gonna do now to get consumers back spending like drunken sailors? Unless the money, on paper anyway, gets back flowing like a runaway train whats going to happen to Ford, GM, Deere etc? Selling parts and lawnmowers don't cut it. Credit card defaults will be rampant. Only thing to do is issue more credit cards to pay off the other ones with. Going to have to make loosen credit requirements even more to keep things from imploding the American Dream. |