The $915 Billion credit-card bomb in consumers' wallets...

You think the $900 billion in subprime meltdown is overwhelming?

Credit card debt is $915 billion and defaults are increasing:

http://money.cnn.com/2007/10/29/mag...debt.fortune/index.htm?postversion=2007103013

 

AS GEROGE CARLIN WOULD SAY...........THE COUNTRY IS CTD......CIRLCLING THE DRAIN........AND THE RINGS ARE GETTING TIGHTER

 

Um or maybe not

credit card debt is bullish because it indicates consumer spending.

 

Dude, SHUT UP!

 

Will you give me an update of your whole index, the holdings in it, not the prices you're in at. I know you expanded it from the original.

 

Full list of stocks as of the close of 10/24/07

http://elitetrader.com/vb/showthread.php?s=&postid=1653324#post1653324

 

So spending on debt is good? care to back up that logic? Lend me what ever pennies you got so I can spend it, I promise ill pay you back a million times what you gave me in a couple millenniums.

 

Debt is fine as long as it is put to productive use. In the case of consumer spending, that's debatable. Wages are stagnating while the cost of living increases (ignoring the bogus official inflation figures). Folks are going further into debt to maintain the same standard of living.

 

Dude, put him on the ignore list.

And stop quoting him.

 

Actually, this is the exact way the American economy works.