thanks for jumping in, yes exactly.
Theyll have to up the already limited credit (if they can get it), than the burden of intrerest in a rising rates enviro...
for those talking big deal 1-2% interest, yep, im not 20 (i wish), i rem rates at 18%.....thats not the point, peeps under 30 have nvr seen a rate rise in the adult life. Discretionary spending WILL get cramped.
-Mortgages will balloon
- energy, fuel, grocery costs (needs) have gone ape
- housing will soften making ppl feel "poorer"
- jobs will slow
connect the dots. the first to react will be discretionary spend, where does that place MOZ??
also - today confirms that the seasonality excuse they use EVERY year (highlighted below) has not come to fruition - raising liquidity concerns as this quarter was meant to be the saviour + your new loans will surely hit their limits (only $15m left..) with the ongoing nose bleed....
scary!
