Everyone by now who isn't hiding in a cave should know of the sub prime lending crisis, and the infusion of cash to keep the banks afloat. A credit crunch is brewing, and it affects all of us.

I saw this link on Drudge this morning. The article speculates that this credit crisis is spreading to the credit cards. Check it out:



I know that last year, when I pretty much was in veg mode, I screwed up big time in this regard, and I am taking my medicine. Because so many people are losing their mortgages, etc, and defaulting on cards, now I wonder if it will be more difficult to fix the situation if banks are making their requirements more strict, and lending less money to people overall. Oh yeah, this could just be a rumor, but I read a link yesterday that said Housing prices are going to fall for the first time ever. This is not good.

I suppose it is time to just accept that America in general lives beyond its means, and we are given every encouragement to live this way, starting from Day 1 of college. Got to have that new car, that 50 inch plasma, those expensive hobbies. Anyone ever notice when a store opens anymore it is almost invariably upscale? What about new housing downtown? All upscale. Does anyone save money anymore? Does anyone realize the SS bubble is going to pop in our lifetime? Everyone wants to live a champagne lifestyle on a faygo budget. Not good. As a result we are getting nickle and dimed to death, and neglecting our future.

Nowadays I live pretty much a meager existence. I'm pretty low maintenance. Old car, clothes from a few seasons ago, haven't traveled in a while, rarely if ever dine out. My entertainment needs (got to have good cable and internet) and my rent (Yeah, I live on the strip) are the most expensive parts of my lifestyle. I don't need the newest clothes or the hottest sunglasses or the VW Jetta. I grew up blue collar, okay, and so I would straight up feel like a girl if I had those needs. Go ahead and read MSN style tips - they pretty much tell you to be a chick.

Sigh. I'm filibustering again.

Saw this link off of Drudge this morning, talking about how a bunch of jobs at Citibank are going to be cut or transferred to lower cost economies.



What is really interesting is what it says here:

"Meanwhile thousands of posts in New York City will be shifted to Buffalo in upstate New York near the Canadian border, although almost 60pc of the cuts will take place outside the US."

Oooh, you mean we get to take jobs from NYC? THOUSANDS? Really? I think it's fantastic. Wait for the local government to fuck it up.........