Posted by Susie/CA on 4/7/05 7:15pm
Msg #30268

Uh Oh . . CNN Article . .

http://www.cnn.com/money/2005/04/07/news/economy/debt_consumers/index.htm?cnn=yes

What's everyone's take on this? Looks like the bumpy ride has begun! :(

Reply by DonnaCA on 4/7/05 8:36pm
Msg #30278

It doesn't look promising

Reply by ssnotary on 4/7/05 10:39pm
Msg #30294

I'd suggest everyone keep that day job, forget about getting rich off notary jobs. I guess I'll forget about my dreams of owning a HUMMER. Oh well.....

Reply by Charm_AL on 4/8/05 9:00am
Msg #30351

http://money.cnn.com/2005/03/30/real_estate/mortgage_apps.reut/index.htm

according to the MBA, people are still buying homes...I'm going to concentrate on adding some lenders and market to brokers...imo

Reply by Reggie on 4/7/05 11:19pm
Msg #30312

That was a very interesting article. The one thing I worry about is not that our business is going to slow down but that the whole economy is going to have problems because of the cunsumer debt. That means the credit cards the in store credit and all other forms of cunsumer debt that this country has over its head. If people start going bankrupt then we are in big trouble. I fear that George Bush will take the blame for this but it is not his fault and it's not the Repulicans or Democrates fault it is the cunsumer's fault. That means you and I also. When people take their Income Tax Refund and take a cruise to anywhere and do not pay their debt then that's stupid.

Reggie
Kansas