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  #1  
Old 08-04-2009, 04:00 PM
trent trent is offline
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Exclamation Americans are getting into more debt
Here is an interesting read for all of you believing the government propaganda about recession being over:

http://finance.yahoo.com/news/Consum...&asset=&ccode=

US consumer spending rose 0.4% in June, while incomes took a 1.3% dive the same month. So do the math:

Spending Up + Incomes Down = More Debt
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  #2  
Old 08-10-2009, 09:03 PM
Canadian Canadian is offline
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But of course this is the government solution - more debt!
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  #3  
Old 08-18-2009, 02:39 PM
trent trent is offline
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I guess the picture is the same in Canada, or maybe worse?
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Old 11-04-2009, 06:12 AM
francisford francisford is offline
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I guess more and more Americans and Canadians are losing control of their finances.
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  #5  
Old 11-05-2009, 06:05 PM
trent trent is offline
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Quote:
Originally Posted by francisford View Post
I guess more and more Americans and Canadians are losing control of their finances.
While Americans are saving (savings rate up to 3% lately), Canadians are getting deeper into debt and are not saving at all. This sure will end well...
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  #6  
Old 11-12-2009, 12:02 PM
Elli Davis Elli Davis is offline
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Yeah, that's what I don't understand either. It is just silly to keep buying stuff that you just cannot afford. How comes they don't get it?
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  #7  
Old 11-25-2009, 10:02 AM
francisford francisford is offline
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Originally Posted by Elli Davis View Post
Yeah, that's what I don't understand either. It is just silly to keep buying stuff that you just cannot afford. How comes they don't get it?
Maybe it's because of this credit card culture.
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