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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Condor who wrote (9883)3/10/2004 4:51:59 PM
From: Pacing The Cage   of 110194
 
Re:"older retired seniors that rely heavily on interest income have and will continue to suffer badly"

I agree, and have been seeing that for awhile now.
One bright spot is that most seniors that I know don't carry credit card debt.

Another sector that will probably be hit hard is Mom & Pop businesses, once their energy bills start cutting into profitability.
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