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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: marginnayan who wrote (70645)10/30/2007 3:08:51 AM
From: mishedlo  Read Replies (2) of 116555
 
Problems Delayed Are Not Problems Solved
globaleconomicanalysis.blogspot.com
People are delaying the inevitable by maxing out credit cards to make their mortgage payment. Rising credit card delinquency rates is the "next skeleton in the closet." Credit counselors have a main concern to keep people in their houses. The main concern should be to get rid of the problem (the house) and have people live within their means.
Mish
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