rates moving up fast

[patientrenter]

Whether the credit is private or govt doesn’t make it any more or less real. Each $1 borrowed is another $1 spent, regardless of source.

As I said before, claiming that credit is tight because there’s less of it than there was at the peak of the largest easy money bubble in recorded history is hardly convincing. We are simply returning to normal (in some areas of credit), way looser than normal in housing, and tighter than normal in a few pockets.

[Arraya]

That easy credit provided a lot of jobs. Hence the unemployment numbers. Unemployment is a negative multiplier leading to more defaults, more write downs and more credit contraction. It’s a vicious cycle.

The gov-backed loans for housing really does not add many dollars to the economy because it is paying off another loan in most cases. It’s just keeping the whole system from seizing up.

Businesses credit lines are being hit as well. My friends brother, a dentist that runs his own practice. Had his business line decreased dramatically that he has had for over a decade.

[Arraya]

That easy credit provided a lot of jobs. Hence the unemployment numbers. Unemployment is a negative multiplier leading to more defaults, more write downs and more credit contraction. It’s a vicious cycle.

The gov-backed loans for housing really does not add many dollars to the economy because it is paying off another loan in most cases. It’s just keeping the whole system from seizing up.

Businesses credit lines are being hit as well. My friends brother, a dentist that runs his own practice. Had his business line decreased dramatically that he has had for over a decade.

[Arraya]

That easy credit provided a lot of jobs. Hence the unemployment numbers. Unemployment is a negative multiplier leading to more defaults, more write downs and more credit contraction. It’s a vicious cycle.

The gov-backed loans for housing really does not add many dollars to the economy because it is paying off another loan in most cases. It’s just keeping the whole system from seizing up.

Businesses credit lines are being hit as well. My friends brother, a dentist that runs his own practice. Had his business line decreased dramatically that he has had for over a decade.

[Arraya]

That easy credit provided a lot of jobs. Hence the unemployment numbers. Unemployment is a negative multiplier leading to more defaults, more write downs and more credit contraction. It’s a vicious cycle.

The gov-backed loans for housing really does not add many dollars to the economy because it is paying off another loan in most cases. It’s just keeping the whole system from seizing up.

Businesses credit lines are being hit as well. My friends brother, a dentist that runs his own practice. Had his business line decreased dramatically that he has had for over a decade.

[Arraya]

That easy credit provided a lot of jobs. Hence the unemployment numbers. Unemployment is a negative multiplier leading to more defaults, more write downs and more credit contraction. It’s a vicious cycle.

The gov-backed loans for housing really does not add many dollars to the economy because it is paying off another loan in most cases. It’s just keeping the whole system from seizing up.

Businesses credit lines are being hit as well. My friends brother, a dentist that runs his own practice. Had his business line decreased dramatically that he has had for over a decade.

[patientrenter]

Arraya, most of the last decade has seen the easiest credit in our recorded financial history. Check on the average business credit available to dentists back in 1950-1980. How does your friend’s brother’s new credit compare to that?

[patientrenter]

Arraya, most of the last decade has seen the easiest credit in our recorded financial history. Check on the average business credit available to dentists back in 1950-1980. How does your friend’s brother’s new credit compare to that?

[patientrenter]

Arraya, most of the last decade has seen the easiest credit in our recorded financial history. Check on the average business credit available to dentists back in 1950-1980. How does your friend’s brother’s new credit compare to that?

[patientrenter]

Arraya, most of the last decade has seen the easiest credit in our recorded financial history. Check on the average business credit available to dentists back in 1950-1980. How does your friend’s brother’s new credit compare to that?

[patientrenter]

Arraya, most of the last decade has seen the easiest credit in our recorded financial history. Check on the average business credit available to dentists back in 1950-1980. How does your friend’s brother’s new credit compare to that?

[JustLurking]

I think flu is right. I am another 0 balance person. Between business and personal credit cards, I have substantial credit available and not one card has cut my limit. I have never carried a balance. I get cash advance checks with every credit card bill. I still get “preapproved” credit card offers in the mail regularly. Banks don’t make much money off of me, but I am “safe”.

I think credit NEEDS to be tightened. People need to stop spending money they don’t have.

[JustLurking]

I think flu is right. I am another 0 balance person. Between business and personal credit cards, I have substantial credit available and not one card has cut my limit. I have never carried a balance. I get cash advance checks with every credit card bill. I still get “preapproved” credit card offers in the mail regularly. Banks don’t make much money off of me, but I am “safe”.

I think credit NEEDS to be tightened. People need to stop spending money they don’t have.

[JustLurking]

I think flu is right. I am another 0 balance person. Between business and personal credit cards, I have substantial credit available and not one card has cut my limit. I have never carried a balance. I get cash advance checks with every credit card bill. I still get “preapproved” credit card offers in the mail regularly. Banks don’t make much money off of me, but I am “safe”.

I think credit NEEDS to be tightened. People need to stop spending money they don’t have.

[JustLurking]

I think flu is right. I am another 0 balance person. Between business and personal credit cards, I have substantial credit available and not one card has cut my limit. I have never carried a balance. I get cash advance checks with every credit card bill. I still get “preapproved” credit card offers in the mail regularly. Banks don’t make much money off of me, but I am “safe”.

I think credit NEEDS to be tightened. People need to stop spending money they don’t have.

[Author]

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