The Economy

Especially when percentage of available credit is part of your FICO score, knocking down your credit limit is a dirty, underhanded way to gouge you and perhaps put you in a higher loan payment situation, even if you never need it. I asked my primary cardholder for a credit limit increase recently and was turned down, not because I pay off the entire bill every month but because they don't want to take on additional risk right now. They didn't come out and say that directly to me, but obviously Ragu's observations lead me to believe that's a major reason.

 

My girlfriend got the same letter. She barely uses that card.

 

My credit score got dinged 20-25 points when I financed two purchases ($7,200 total) for six months, interest-free. 18 months later, I can't get it back to its peak.

 

Five airlines announce $25 billion in new fed loans.

 

Why do I think many other companies are being run like this?

Dan Bilzerian’s Company Lost $50 Million Last Year, Will Likely Fail: Auditor

 

Larry Kudlow is predicting a strong recovery.

larry kiudlow v shaped recovery - Yahoo Search Results

Given Kudlow's long track and well document record of predictions we can safely conclude the economy is going to go down the toilet.

 

Loans to five more airlines this week.

 

This showed up in my Google news feed. Wonder if the letter writer is named Karen.

‘I’m having a hard time understanding how earning over $200,000 a year is too much to qualify for a decent stimulus check’

 

"....but my spouse earns barely over $150,000 a year."

 

Revenue down 91 percent at Delta.

 

He’s like Patrick Ewing predicting a Knicks championship every year.