Monday, January 26, 2009
follow up to previous post
So...
I think recessions are times when people who maxed out their credit cards stop spending to pay them off.
Its like binge drinking... you drink till you puke, you recover for a day or a couple of hours, and then you do it alllll over again.
Except it doesn't happen that quickly. Like, with interest and everything around you going up---it might take people like 5 years to pay off their credit cards... No?
So I predict the economy will get better in 5 years. YAY!
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