Recession or not, American families will be forced to tighten their belts

[Ex-SD]

Good article about the upcoming problems in the economy on MSNBC.com

http://www.msnbc.msn.com/id/21838083/

[patientlywaiting]

Good article. Thanks for posting.

Problem for the lenders is that homeowners are defaulting on mortgages which are wiped out in foreclosure. They are still paying credit cards which are no longer dischargable in bankruptcy.

Risk management has suddenly become lopsided and secured loans are being more risky. Lenders will tighten credit until they figure out the new reality.

Meanwhile, consumer spending will drop and drop.

[patientlywaiting]

Good article. Thanks for posting.

Problem for the lenders is that homeowners are defaulting on mortgages which are wiped out in foreclosure. They are still paying credit cards which are no longer dischargable in bankruptcy.

Risk management has suddenly become lopsided and secured loans are being more risky. Lenders will tighten credit until they figure out the new reality.

Meanwhile, consumer spending will drop and drop.

[patientlywaiting]

Good article. Thanks for posting.

Problem for the lenders is that homeowners are defaulting on mortgages which are wiped out in foreclosure. They are still paying credit cards which are no longer dischargable in bankruptcy.

Risk management has suddenly become lopsided and secured loans are being more risky. Lenders will tighten credit until they figure out the new reality.

Meanwhile, consumer spending will drop and drop.

[patientlywaiting]

Good article. Thanks for posting.

Problem for the lenders is that homeowners are defaulting on mortgages which are wiped out in foreclosure. They are still paying credit cards which are no longer dischargable in bankruptcy.

Risk management has suddenly become lopsided and secured loans are being more risky. Lenders will tighten credit until they figure out the new reality.

Meanwhile, consumer spending will drop and drop.

[patientlywaiting]

Good article. Thanks for posting.

Problem for the lenders is that homeowners are defaulting on mortgages which are wiped out in foreclosure. They are still paying credit cards which are no longer dischargable in bankruptcy.

Risk management has suddenly become lopsided and secured loans are being more risky. Lenders will tighten credit until they figure out the new reality.

Meanwhile, consumer spending will drop and drop.

[5yes]

Temecula garage sales are something else right now. Two of my neighbors are selling everything they have – yesterday watched some guy in a pickup pull up to my neighbor’s house and drive off with his tools and tool bench from his garage. I have been having a blast hitting the garage and “moving” sales, but it is indicative of how desperate people are to make enough money to buy food. It is going to be a difficult holiday season for many people.

[5yes]

Temecula garage sales are something else right now. Two of my neighbors are selling everything they have – yesterday watched some guy in a pickup pull up to my neighbor’s house and drive off with his tools and tool bench from his garage. I have been having a blast hitting the garage and “moving” sales, but it is indicative of how desperate people are to make enough money to buy food. It is going to be a difficult holiday season for many people.

[5yes]

Temecula garage sales are something else right now. Two of my neighbors are selling everything they have – yesterday watched some guy in a pickup pull up to my neighbor’s house and drive off with his tools and tool bench from his garage. I have been having a blast hitting the garage and “moving” sales, but it is indicative of how desperate people are to make enough money to buy food. It is going to be a difficult holiday season for many people.

[5yes]

Temecula garage sales are something else right now. Two of my neighbors are selling everything they have – yesterday watched some guy in a pickup pull up to my neighbor’s house and drive off with his tools and tool bench from his garage. I have been having a blast hitting the garage and “moving” sales, but it is indicative of how desperate people are to make enough money to buy food. It is going to be a difficult holiday season for many people.

[5yes]

Temecula garage sales are something else right now. Two of my neighbors are selling everything they have – yesterday watched some guy in a pickup pull up to my neighbor’s house and drive off with his tools and tool bench from his garage. I have been having a blast hitting the garage and “moving” sales, but it is indicative of how desperate people are to make enough money to buy food. It is going to be a difficult holiday season for many people.

[patientlywaiting]

Here’s an Economist article on the same subject. It’s gonna feel rather grim.

http://www.economist.com/displaystory.cfm?story_id=10134077&

[patientlywaiting]

Here’s an Economist article on the same subject. It’s gonna feel rather grim.

http://www.economist.com/displaystory.cfm?story_id=10134077&

[patientlywaiting]

Here’s an Economist article on the same subject. It’s gonna feel rather grim.

http://www.economist.com/displaystory.cfm?story_id=10134077&

[patientlywaiting]

Here’s an Economist article on the same subject. It’s gonna feel rather grim.

http://www.economist.com/displaystory.cfm?story_id=10134077&

[Author]

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