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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Pacing The Cage who wrote (9880)3/10/2004 4:46:52 PM
From: Condor  Read Replies (2) | Respond to of 110194
 
things will end badly.

I can't help but think that older retired seniors that rely heavily on interest income have and will continue to suffer badly. ( eg: mom and pop savings supplementing old paltry pensions) Not a nice thought.

C



To: Pacing The Cage who wrote (9880)3/10/2004 7:23:58 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
Not only that but credit issuers have been hiking fees at a furious pace and greatly reducing grace periods .



To: Pacing The Cage who wrote (9880)3/10/2004 9:12:47 PM
From: mishedlo  Respond to of 110194
 
Of course it will end badly.
I never said it would work.
I said they would TRY.

Mish



To: Pacing The Cage who wrote (9880)3/10/2004 10:06:51 PM
From: FrozenZ  Read Replies (2) | Respond to of 110194
 
I disagree that it doesn't trickle down to the credit card users. I get "free credit card checks" in the mail almost every week to pay off my credit cards with and have 5.47% yearly interest on the balance for the life of it.

The banks are trying everything they can think of to create more debt.


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