Soon, as credit card delinquencies rise and losses on pools of securitized credit card debt mount, those supplying the credit will finally get wise to the fact they will never get their money back. As a result the market for such debt will dry up even more quickly than did the market for subprime mortgages. Cards will therefore be much harder to come by and will have much lower limits then they do today. Limited to only the cash in their wallets, Americans will finally be forced to dramatically curtail their spending, and the recession will finally gather serious momentum.

Quelle: Credit Card Debt Ticking Time Bomb

Dieser Eintrag wurde am Samstag, 10. Mai 2008 um 00:23 aufgeschaltet und ist unter den Labels USA, Wirtschaft abgelegt. Du kannst das Blog auch über RSS 2.0 abonnieren. Du kannst einen Kommentar oder einen Trackback hinterlassen.