Saturday, July 9, 2011

Americans' Declining Purchasing Power + Credit Cards Stage a Comeback! Time to Worry?

[mEDITate-OR:
not think this is the worst of all possible worlds...
less people working, working less hours, and taking home less income..
and
borrowing more.
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Was there not some advice given to U.S. a while ago...
IF you are falling further into a sinkhole...
try to stop digging.
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Americans' Declining Purchasing Power
http://www.theatlantic.com/business/archive/2011/07/chart-of-the-day-americans-declining-purchasing-power/241650/
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Credit Cards Stage a Comeback! Time to Worry?
Revolving balances jumped 5.1% in May, the most in three years
http://www.theatlantic.com/business/archive/2011/07/credit-cards-stage-a-comeback-time-to-worry/241664/
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