I don't know if this data they are talking about is false, old or simply disinformation. What I DO know is that I have neighbors trying to sell their homes and can't because no one is getting loans approved. Not only that, several cards I have raised the APR and are getting stingy. I have a card I paid about a week late recently and they were on my ass like that fucking paper boy in that "Better Off Dead" movie. One of my other cards got lowered. This is just what I have seen personally, there is more going on out there.
It is just fucking logic. With any economic crisis, there will always be a tightening of sphincters. Add on top of that record levels of unemployment. The people with the most to lose are those in Credit/Lending. When people can't make a buck, can't find a job or just lost one, who is gonna pay the bills? You're gonna see credit lenders with a whole heap full of nothing.
The average Joe losing his job and suffering the most financially does'nt have a savings or a nest egg to rely on. These are the credit lenders bread and butter, the buy now pay later crowd. Look where it has got us. This whole thing IS about credit. I don't understand why people can't see that.
Who knows, maybe I got it all wrong...
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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01