Wednesday, September 19, 2007

Stocks Surge on Rate Cut- Helps Credit Card Debt

Did you see the article:,0,3999412.story

So now that we have an interest rate cut, stock market surge to the largest one point rise in 5 years, low inflation, and the beginning of economic recovery, then what does this mean for the consumer and credit card debt solutions.

The article said: Meanwhile, the Commerce Department said new home construction fell for the third month in a row in August. New homes and apartments dipped last month by 2.6 percent to a seasonally adjusted annual rate of 1.331 million units, the slowest pace in 12 years.

I think that if people are not buying homes, then their money is scarce and they are probably borrowing more money.

The economy has to be in much better shape - more jobs, higher pay, and lower prices, before debt gets under control.


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