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Originally Posted by DeadFidel
Plus..(you just struck a vain) close to a million people are without power and gas prices are at $3 a pop here in the US and trickels up to the rest of the world. Rita is just about to blow off TX. People aren't spending money.
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true. anyone who drives a vehicle is getting hit with record fillup costs right now.
this is a world-wide issue, but really effects the demographics of credit card holders. and this one single thing hits very close to home in the psychology of people. so they stop all discretionary spending because people are a little bit tense about their financial future.