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  • Moody's Sees Stress on Credit Card Industry Through 2009 [View article]
    They say that money makes the world go 'round. What they don't tell you is that shortly there-after the world goes down the drain.
    Oct 22 16:55 pm |Rating: 0 0 |Link to Comment
  • Moody's Sees Stress on Credit Card Industry Through 2009 [View article]
    Auto loans will begin crunching in earnest soon too.

    Don't worry about paying for gas to drive your $45,000 leased SUV. The FED will be repossessing it soon after you stop making the monthly lease payments.

    Several local new car dealers are having very hard times lately. Some have already closed down. Not enough buyers to cover their cost of carrying inventory. Some of the remaining ones have sparsely populated car lots.

    Remember, this is at the beginning of the recession. More to follow as the impacts ripple through the supply chain.
    Oct 22 14:49 pm |Rating: 0 0 |Link to Comment
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