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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.66-0.1%Jan 16 4:00 PM EST
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To: ~digs who wrote (44952)8/14/2008 4:06:08 AM
From: Johnny Canuck  Read Replies (1) of 69864
 
It is a fine balancing act. When times are good people put up with the high interest rates because they can service the debt even given the outrageous interest rates. When times get bad the people who are at the most risk really get punished by the credit card companies. They are really the lender of last resort short of the neighbourhood loan shark. Everyone else would automatically switch to their line of credit for relief.
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