Props to Rusty. I did steal it. Used it several times inthe last week as well. It’s good! Imitaion as flattery.
One note on anecdotal evidence: There’s so much BS manipulation of “data” in the world today that actually going out and looking for oneself can be far more revealing that trusting data from sources you cant or should not trust. As a matter of fact, checking the real world is how I test the “data” that comes at me. If they dont match-up, it causes me to investigate something on my own. And this is happening far more inthe last few years than ever before.
In this case, I’m seeing what the media is saying…wont be a good retail Christmas. But I predicted this months ago. Ray Charles coulda seen it coming.(Not sure who to credit for that one.) And as for credit cards, the industry is already predicting trouble. They’re going to lower their exposure by at least $1T in the next year by lowering limits. Defaults are starting to climb fast.
