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12/01/2008

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Hey, Cheer-up Gleaner Buddy!

"From Reuters: Credit card industry may cut $2 trillion of lines: analyst

The U.S. credit card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
...
"In other words, we expect available consumer liquidity in the form or credit-card lines to decline by 45 percent."
This would be a stunning reduction in available credit.""

See, before you know it, Vegas will cease to exist as is was in 2006 and Walmart will close half of its Valley stores!

I thought my friend Craig Yuler invented the "Yule log?" His wife hates it.

I guess I confused it with the Bule log, invented by Ferris Bueller.

Speaking of the holidays, time to polish up the ol' Festivus pole...

Ah Festivus...

Some things get worse at Christmas. For example, family feuds. People get together with their relatives, fights break out, and people get hauled into the emergency rooms. Admissions to emergency rooms go up during the holiday season. Ask anyone who works there.

@ John Farley,

That only happens once the list of grievances are read to an indivudual...you know the drill at Festivus....

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