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Topic: More Bubbles to Burst
1956deluxe Joined Thu 12/06/07 Posts: 8559	Thu 10/30/08 11:25 PM
I heard on CBS News tonight that the next bubble to burst will be the CREDIT CARD Bubble. They reported the Average American: Has 9 Credit Cards. And Owes $16,000 on them. Since I only have 1 card with a $0 balance, some of you must be in really deep schittski!

HockeyChick Joined Thu 10/23/08 Posts: 4194	Thu 10/30/08 11:26 PM
that sounds about right-i have been in that position before, and now i'm not...

ChangeofHeart Joined Sun 10/26/08 Posts: 1280	Thu 10/30/08 11:28 PM
I heard on CBS News tonight that the next bubble to burst will be the CREDIT CARD Bubble. They reported the Average American: Has 9 Credit Cards. And Owes $16,000 on them. Since I only have 1 card with a $0 balance, some of you must be in really deep schittski! Thats because everyone has too have it Righ Now. They have too do it all. Who say no to themselves anymore? But when it Blows Up in their Face, they want everyone too feel sorry, and Help Bail them out

Winx Joined Fri 08/31/07 Posts: 39051	Thu 10/30/08 11:33 PM
I heard on CBS News tonight that the next bubble to burst will be the CREDIT CARD Bubble. They reported the Average American: Has 9 Credit Cards. And Owes $16,000 on them. Since I only have 1 card with a $0 balance, some of you must be in really deep schittski! Thats because everyone has too have it Righ Now. They have too do it all. Who say no to themselves anymore? But when it Blows Up in their Face, they want everyone too feel sorry, and Help Bail them out Naww...it's just the banks that get bailed out. Not us common folks. Well..not me. I don't have a credit card problem.

1956deluxe Joined Thu 12/06/07 Posts: 8559	Thu 10/30/08 11:37 PM
I think that people that are going to lose their house think, "What the heck, I'm filing bankruptcy anyway, may as well run up the Visa Card too!"

HockeyChick Joined Thu 10/23/08 Posts: 4194	Thu 10/30/08 11:38 PM
u may be right @ that

Sluggo Joined Fri 11/17/06 Posts: 6396	Fri 10/31/08 12:42 AM
Is that Sara Palin?

Drivinmenutz Joined Wed 11/14/07 Posts: 4290	Fri 10/31/08 02:44 AM
I heard on CBS News tonight that the next bubble to burst will be the CREDIT CARD Bubble. They reported the Average American: Has 9 Credit Cards. And Owes $16,000 on them. Since I only have 1 card with a $0 balance, some of you must be in really deep schittski! Funny thing..... If the average american only had $5,000 of credit card debt we would all fall into a severe depression... Scary huh? No Debt = No money I kid you not, 90% of the worlds money are just figures on a computer screen with nothing to back it up. World Wide: There is about 100 trillion dollars worth of assets. You know, gold, food, houses, cars, etc. There is over 4 quadrillion dollars worth of debt. Assets grow at a fraction of the speed that debt grows. Random spurt of info for the day....

t22learner Joined Mon 07/02/07 Posts: 1774	Fri 10/31/08 03:48 AM
World Wide: There is about 100 trillion dollars worth of assets. You know, gold, food, houses, cars, etc. There is over 4 quadrillion dollars worth of debt. This is why I remain out of the market. The "de-leveraging" of at least 500T of "derivatives" in financial markets is just beginning... Oh, and $0 of CC debt.

1956deluxe Joined Thu 12/06/07 Posts: 8559	Fri 10/31/08 05:48 AM
World Wide: There is about 100 trillion dollars worth of assets. You know, gold, food, houses, cars, etc. There is over 4 quadrillion dollars worth of debt. This is why I remain out of the market. The "de-leveraging" of at least 500T of "derivatives" in financial markets is just beginning... Oh, and $0 of CC debt. I figured you would have it together.

cutelildevilsmom Joined Sat 04/07/07 Posts: 8862	Fri 10/31/08 01:21 PM
I only have 1200 now but 10 years ago declared bankruptcy.learned my lesson.

t22learner Joined Mon 07/02/07 Posts: 1774	Fri 10/31/08 02:55 PM
World Wide: There is about 100 trillion dollars worth of assets. You know, gold, food, houses, cars, etc. There is over 4 quadrillion dollars worth of debt. This is why I remain out of the market. The "de-leveraging" of at least 500T of "derivatives" in financial markets is just beginning... Oh, and $0 of CC debt. I figured you would have it together. Thanks, but I wouldn't go that far... I'm voting for (and contributing to) Barack Obama!

Winx Joined Fri 08/31/07 Posts: 39051	Fri 10/31/08 04:01 PM
World Wide: There is about 100 trillion dollars worth of assets. You know, gold, food, houses, cars, etc. There is over 4 quadrillion dollars worth of debt. This is why I remain out of the market. The "de-leveraging" of at least 500T of "derivatives" in financial markets is just beginning... Oh, and $0 of CC debt. I figured you would have it together. Thanks, but I wouldn't go that far... I'm voting for (and contributing to) Barack Obama!

warmachine Joined Tue 04/08/08 Posts: 4528	Fri 10/31/08 06:37 PM
My card is PREPAY! Which is funny, it says credit card, but won't work without my posting cash to the account!