Saturday, March 14, 2009

What's next?


Here comes the next crisis...credit cards.

This article from the Wall Street Journal online is pretty deep in jargon.

In a nutshell, look for your bankcards to cut back on their credit lines...and many who carry a balance will get cut off completely.

What happens to the buying power in the economy when that happens?

I think this one should hit sometime this summer.

Stay tuned...

Coach

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