It really is astounding how different the yanks are to the aussie's. Over their they don't care if they loose their homes, just as long as little johnny can keep buying them games, catch a movie, and feed his supersized appetite for fast franchised garbage.
These 'buy now pay later' scheme's taken by the U.S are bad economics IMO I dare say a protracted slow down in the global economic cycle is in the bag - so printers work overtime for more greenbacks and not worry about the inflationary pressure - There is no such thing as a free lunch, somebody, smoewhere is paying for this and it'll probably be all of us IMO. In the meantime the signal is bring your truck bring your trailer cause Goldman 'Paulson' is the Santa of debt collection, but just don't ask him if your average joe blow with the wife,kids and your house is about to be repossessed by the bank. cheers,n
