tag:blogger.com,1999:blog-11719208.post2764809498788359172..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Consumer credit plungesTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11719208.post-31191013110945910192009-09-09T04:13:13.333-07:002009-09-09T04:13:13.333-07:00Of course consumer credit fell. Banks never loane...Of course consumer credit fell. Banks never loaned to consumers in the first place. Foreign savers loaned to them, with banks only mediating the process.<br /><br />Foreign savers don't trust domestic consumers any more, or domestic banks. No more loans, except for those guaranteed by Uncle Sam. If Uncle Sam inflates away that trust, no more loans period.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-2586386006001055552009-09-09T01:32:31.555-07:002009-09-09T01:32:31.555-07:00So much for the pent-up demand mantra, I guess... ...So much for the pent-up demand mantra, I guess... Over here, things are getting worse steadily. According to budget advisors NIBUD, nearly 40% of all Dutch households have difficulties in making ends meeet. During the past 12 months, one in five Dutch people found that the ATM refused to hand over cash...Martin, the Netherlandsnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-78251063347667686412009-09-08T16:39:11.690-07:002009-09-08T16:39:11.690-07:00I have terminated at least 20k in available credit...I have terminated at least 20k in available credit, cards that had no outstanding due on them WHY ? the usury is to high, cash is king now that and some shops are back to using the layaway for larger purchasesAnonymousnoreply@blogger.com