Let's just stick with 100%, as in we're already in a recession.
The gubba mint would rather not discuss such trivial matters.
-----"This economy has got some strains," Bush said in a speech, citing high oil prices and the housing market. "Financial markets have got uncertainty.
"Families are working hard to meet rising mortgage payments, college and health care expenses and the cost at the gas pump," he said. "These are serious challenges.
"But as we have seen in recent years, this economy of ours is resilient," Bush added. "Sure there are some challenges facing us, but the underpinnings of our economy are strong and we're a resilient economy."
In an interview with Fox Business News on Tuesday, Bush said he expected the downtrodden U.S. dollar to rise on the back of a healthy economy.----
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>>>>>> how they're meeting those challenges<<<<<<<<<<
UPDATE 1-Capital One-people paying cards before mortgages
NEW YORK, Nov 14 (Reuters) - About two-thirds of Capital One Financial Corp (COF.N: Quote, Profile, Research) customers who are 90 days or more delinquent on their mortgages are still current on their credit cards, the company's chief executive said on Wednesday.
Capital One defines being "current" as at least making the minimum card payment, said CEO Richard Fairbank at a conference.
That figure has fallen a bit from when the company reported third-quarter results last month, when it was 70 percent, Fairbank said.
Capital One said last week that more of its customers had difficulty paying their bills in October than in the third quarter -- write-offs of bad loans on a managed basis rose to 3.28 percent in October from 2.86 percent in the third quarter.
Capital One shares fell 30 cents to $56.63 on Wednesday. (Reporting by Dan Wilchins, editing by Dave Zimmerman and Gerald E. McCormick) |
