Predictions for 2010 - Page 2

Twodogs · #11 09-17-2009, 11:03 AM

Quote:

Originally Posted by OvenMaster

My crystal ball tells me that we're headed for another downturn, a "W"-shaped recession/depression. Commercial real estate failures, a bunch more underwater home mortgages, and as a result, bank failures and emergency mergers.

I keep wondering about credit card debt as well. I wouldn't have a clue how many dollars we would be talking about, but it seems to be getting easier to just settle it out for pennies on the dollar (I see ads on TV for this).

Grumpy · #12 09-17-2009, 01:51 PM

Quote:

Originally Posted by Twodogs

I keep wondering about credit card debt as well. I wouldn't have a clue how many dollars we would be talking about, but it seems to be getting easier to just settle it out for pennies on the dollar (I see ads on TV for this).

From what I understand those ads lie through their teeth.