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re: How do you stem a recession?

Posted on 1/15/09 at 9:53 pm to
Posted by Plucked
Baton Rouge
Member since May 2008
1004 posts
Posted on 1/15/09 at 9:53 pm to
people only need so many new cars, tvs. etc, however, after a period of time, eventually , people will come out from under the rock, people need new furntire and clothes, cars, wanna buy a new house. most people always find a way when they want something on how they are gonna get it paid for in order to aquire it. the ice will begin to break up in the next few months......
Posted by Rivers
Florida
Member since Nov 2008
3256 posts
Posted on 1/16/09 at 6:25 am to
'most people always find a way when they want something on how they are gonna get it paid for in order to aquire it. the ice will begin to break up in the next few months......'

Most people will find a way if their bank, credit card company, mortgage company, etc agree to lend them some money...Or, they hit the lotto, rob a bank, inherit some money, move in with mom and dad, etc.

Easing of credit and willingness to borrow are the keys and some banks have recently demonstrated that they are willing to lend...to those that are good credit risks.
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