[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

The New MAGA Turf War Over National Intelligence

Happy fourth of july

The Empire Has Accidentally Caused The Rebirth Of Real Counterculture In The West

Workers install 'Alligator Alcatraz' sign for Florida immigration detention center

The Biggest Financial Collapse in China’s History Is Here, More Terrifying Than Evergrande!

Lightning

Cash Jordan NYC Courthouse EMPTIED... ICE Deports 'Entire Building

Trump Sparks Domestic Labor Renaissance: Native-Born Workers Surge To Record High As Foreign-Born Plunge

Mister Roberts (1965)

WE BROKE HIM!! [Early weekend BS/nonsense thread]

I'm going to send DOGE after Elon." -Trump

This is the America I grew up in. We need to bring it back

MD State Employee may get Arrested by Sheriff for reporting an Illegal Alien to ICE

RFK Jr: DTaP vaccine was found to have link to Autism

FBI Agents found that the Chinese manufactured fake driver’s licenses and shipped them to the U.S. to help Biden...

Love & Real Estate: China’s new romance scam

Huge Democrat shift against Israel stuns CNN

McCarthy Was Right. They Lied About Everything.

How Romans Built Domes

My 7 day suspension on X was lifted today.

They Just Revealed EVERYTHING... [Project 2029]

Trump ACCUSED Of MASS EXECUTING Illegals By DUMPING Them In The Ocean

The Siege (1998)

Trump Admin To BAN Pride Rainbow Crosswalks, DoT Orders ALL Distractions REMOVED

Elon Musk Backing Thomas Massie Against Trump-AIPAC Challenger

Skateboarding Dog

Israel's Plans for Jordan

Daily Vitamin D Supplementation Slows Cellular Aging:

Hepatitis E Virus in Pork

Hospital Executives Arrested After Nurse Convicted of Killing Seven Newborns, Trying to Kill Eight More


National News
See other National News Articles

Title: More Banks Closing Credit Lines - Economy in Chaos
Source: [None]
URL Source: https://www.youtube.com/watch?v=K2kc5j1rcL0
Published: Jul 22, 2021
Author: Mike Rivero
Post Date: 2021-07-22 15:55:22 by Horse
Keywords: None
Views: 68
Comments: 1


Poster Comment:

Wells Fargo, AMEX, BofA, others. Slow pay will become a problem. Credit line is cheaper and better than Accounts-Receivables when slow pay starts. Pay off credit cards before they lower the hammer.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Horse, 4um (#0) (Edited)

Slow pay will become a problem.

I think they're worried about making loans and having inflation burn up any potential profits. If they loan somebody $50,000 for a car over seven years, by the end of the loan term the same car might be $50,000,000.

21% on credit card balances might not even keep up with inflation. When Carter was in office, I bought TIGRs (treasury investment growth receipts) that were paying 16% I think. A wee bit better than Chase is paying at 0.01% now.

The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso  posted on  2021-07-22   16:17:19 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]