Consumer confidence up…equities rallying…retail recovering…Yeah…Yeah…Yeah…

…$1,800,000,000,000 in credit lines have been taken away…it’s called chasing the balance…or to put it another way…make a payment…and reduce your credit line by an equal amount.

Only 1 in 10 American (consumers) are creditworthy now…for cars, homes, big screen TV’s i.Phones…etc.

Things have slowed a bit folks…this is pretty much it. Some of the population is still on the credit system…the rest?…they’re on whatever’s in the pocket…or the bank…in the form of cash.

This country “is’nt going back”…or “recovering back” to whatever was going on before. It seems like the majority of the folks have’nt resigned themselves to these facts yet.

Move on…and adjust…

- mainersteve

Related Posts:

• People are using their credit cards to survive.
• Advice for this holiday: Considering the consequences.
• It’s getting dark. Banks? How about countries?
• I brought home a large can of “Bruces Yams” from WalMart and noticed a nice layer of dust on the top of it.
• All time historic highs for % of population on food stamps.

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