Apr 7 2009
Credit card companies shut down 8 million credit card accounts in February while accepting more Bailout Credit Cards from the U.S. Treasury. 400 Million Credit Card Accounts still open.
Many American households have been strapped for money for many years. The benefit of having a debt bubble is the ability to cover up troubling economic trends and drown out any noise while people feed at the bubble. During this time, credit was easily accessible and many families used credit cards as a bridge loan [...]
Mar 9 2009
The Red, White, and Blue Queen’s Race: The Economy Reverts to Historical Inflation Patterns: Stock Market and Real Estate Fall back in Line with Inflation. Working Harder Just to Stay in the Same Spot.
The Red Queen’s race is a situation that appears in Lewis Carroll’s Through the Looking-Glass where one has to run faster and faster just to remain in the same spot. Imagine a treadmill that increases in speed every 10 minutes yet you don’t burn calories at the higher rate. Many Americans are feeling as if [...]
