I have noticed that the number of credit card offers I get in the mail has decreased by a couple of pounds a week.
And things are going to get much worse.
...but there’s no sign of inflation...
I don’t see any “dwindling jobs.” There are Help Wanted signs all over out here.(SW Pennsylvania) Even the little local newspaper has plenty of jobs.
If people can not make ends meet today while they are still working what are they going to do when it comes time to retire and they have spent their retirement money?
If I was to give anyone one piece of advise it would be do not, I repeat, do not touch your retirement money. If you do, prepare for a very unhappy future.
What a POS article from the WSJ. Our economy has slowed, there’s no doubt about that but we are not in a recession. People need to change their habits to adjust to some realities but if you read articles like this you would think things are far worse.
>In exchange, the company gets up to 50% of any future change in the property’s value, typically collecting its share when the house is sold.<
Now there’s an idea. Sign on now, get the cold cash in your hand before your house drops anymore in value. Then when it rises read the fine priont and find out that you MUST sell your home because it went up in value.
Please pardon my re-paragraphing of this section:
Americans are resorting to these more extreme measures due to the combination of dwindling jobs, falling home prices, shaky credit markets and a sharp run-up in food and energy prices.Consumer confidence hit a 28-year low in May, according to the latest Reuters/University of Michigan survey of consumer sentiment.
But I wanted to put emphasis on very separate issues. The author linked the the broader economy and consumer confidence together. They are not inextricably related. Credit card use has not abated, yet. I might joke here about wild-eyed people spending money like crazy. But i dare not.
Methinks that things economic may get very strange towards November. OPEC and wealthy oil speculators want to make money while the sun shines. OPEC is going to tie oil to the Euro. Sooner rather than later. Hard times may be coming round the bend . . . Or, not. Whatever.
I put a new report from The Economist on my Freeper page. It was about home prices falling. But somebody's bad news is always somebody else's good news. If you get my drift . . .