Credit-Card Law May Reduce U.S. Consumers' Purchasing Power by $90 Billion

Ouch. That's not going to be good for business. That's not going to be good for anyone.

http://www.bloomberg.com/apps/news?pid=20603037&sid=aEklTM9IK6xo&refer=home

 

I think that in the long run reducing "risky borrower" credit is a good thing.

It may be a little painful for the country in the short term however.

 

Short term = lower GDP

Long term = more investment spending and good for long term growth

 

"Law of the jungle" probably reduce it much more...

The only "growth" America is likely to see in the next 40 years is the "inflation/currency destruction/eat your seed corn" kind.

 

SHORT V AND MA.

Should see them drop around 50% over the next 12-18 months.