SubscribeCredit Crunch
Credit companies are tightening up everywhere. Even companies that don’t have a lot of delinquent accounts are lowering credit limits. For example, Canadian Tire says that it doesn’t want its credit cards to be used as last resorts by people who’ve maxed-out their other sources of credit. Two things: 1. Rising consumer debt has been caused, to a great degree, by the need to maintain consumption levels in the face of stagnant or shrinking wages and decreased job security. While some Canadians h
Some great bear market investing tips in this post.