Posted on 01/09/2006 2:32:02 PM PST by Toddsterpatriot
that's interesting, given the fact we just went through the holidays....
I DO know that I outright avoided using the plastic money in my wallet as much as I could.
October and November. December is probably up.
you know, I missed that :)
oops :)
They call them consumers, but they are victims of the commerce industry.
There's nothing left to borrow against for the people most likely to borrow.
Right! If consumer borrowing goes down, it is bad news and if it goes up, it is still bad news.
I agree. I went into Best Buy and was taken hostage until I bought a big screen TV. It was awful. I'll have to watch the 24 premiere just to recover. LOL!!!
You should see the lone bozo, on the THE DOW BROKE 11,000 TODAY THREAD! He's a real "classic" case. hehehehehehehehe
well, interest rates have been raised several times last year - it's almost like a no brainer.
Oh yes, of course, I was dragged, kicking and screaming, into Saks and threatened with the death of my first born, if I didn't buy at least one outfit, a pair of shoes, and a matching pocketbook. LOL
I admit some of these confuse me, so please correct me: If there i sa dip in consumer borrowing, doesn't this mean that fewer people are taking out loans? And if so, wouldn't that indicate that either the interest rates for such loans are too high to afford, or that they (consumers) are busy paying off their personal debts?
They have grown subtle. Most victims have no idea they have been victimized even after they get the credit card bill.
Did the same thing last month. I'm paying off the cards this week, and setting them on fire. Never again!
Outstanding loans dropped. People paid off loans and did not borrow more.
Corporates rebuilt their balance sheets in 2001-2004, now households are strengthening theirs. This is positive in the intermediate and long term.
Don't tell Willie Green.
If your mailbox is like mine, you can't find your mail through all of the credit card acceptance notices. Believe me, there is plenty of credit to go around.
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