is it toot toot get outta the way or toot toot sh.t will hit fan...

is it toot toot get outta the way or toot toot sh.t will hit fan shortly, maybe Q4 or 2006 ?

i believe US economy is is off with the fairies, real people $'s are stuffed, business is reporting on old trade data.
u wouldn't hold US $'s in a fit

Au only safe haven..apart from blue chip Aussies !

money.cnn.com/2005/09/28/pf/debt/delinquencies/index.htm

Credit-card delinquencies hit record
Pain at the pump is a major factor, according to the American Bankers Association.
September 28, 2005: 1:48 PM EDT
By Jeanne Sahadi, CNN/Money senior writer

NEW YORK (CNN/Money) - Hit by rising gasoline prices, a record percentage of credit-card accounts were delinquent in the second quarter, the American Bankers Association reported Wednesday.

The ABA found that the 4.81 percent of credit-card accounts had payments that were past due by 30 days or more between April and June. That's up from 4.76 percent in the first quarter, which was the previous record. The ABA started tracking delinquencies in 1973.

The ABA also noted an increase in delinquent payments on personal loans, auto loans, home equity loans and lines of credit.

A key reason for the increase: the strain of higher gas prices.

The group noted that the the average cost of filling up the gas tank of a mid-size car in June averaged $38.33, up from $30.63 at the end of last year. Today, the average is higher still, at $47.78.

"The last two quarters have not been pretty. Gas prices are taking huge chunks out of wallets, leaving some individuals with little left to meet their financial obligations," ABA chief economist James Chessen said in a statement.
What about the Katrina effect?

An obvious question, post-Katrina, is what will happen in the next few quarters to delinquency numbers, given that some evacuees, left jobless and homeless, may be relying on credit cards to get through the initial stages of rebuilding their lives.

If there is going to be a Katrina effect, Chessen said in an interview, it may not show up until the fourth quarter, which more fully encompasses the post-hurricane period.

Credit-card companies must report delinquencies to the Federal Reserve, but they have agreed not to report evacuees' delinquent payments to the credit bureaus for an indefinite period of time in order to preserve survivors' credit standing.