Economic optimism?

[Dale Hubbard]

Judge for yourself. At least a 'fresh' outlook...

http://www.iht.com/articles/2009/01/02/business/03econ.php

 

[draggar]

I think it is very possible but one major factor:

With interest rates as low as they are many people are trying to refinance their mortgages which means lower payments.

Lower payments means more money in their pocket to spend and/or pay down existing debt (thus freeing up available credit).

I know for one thing: in 5 months my car will be paid off (yay!) and I intend to save at least half of that money and pay down debt with the other half. We're also trying to refinance / lower our mortgage payments (but aren't having much luck).

 

[JuniperPark]

Well HELLO, this is more of the same nonsense that got us INTO the problem!

If what he's suggesting is so good, we can all do it ourselve... just take a giant CASH ADVANCE on your credit card (at 25% interest) and pay off your other debts (which are at 12% interest) and declare yourself "rich".

Sound stupid? That's because it IS stupid.