Comments on: You May Have To Refinance With Bad Credit http://survivingarecession.com/refinancing-with-bad-credit Thu, 29 Oct 2009 00:42:06 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: AcmeArcher http://survivingarecession.com/refinancing-with-bad-credit#comment-330 AcmeArcher Fri, 04 Sep 2009 02:59:51 +0000 http://survivingarecession.com/?p=297#comment-330 Yes. I do believe that the recession is nearly over. But, the recovery from the recession is just beginning and will last for some time to come. Although consumer confidence is an interesting barometer indicating potential drift of the economy, it is a lagging barometer. Meaning consumer confidence is based on what has already happened and not so much the future of the economy. The old saying used to be that "money makes the world go around." A more updated version of that saying would be "Credit makes the world go around." Thawing of credit markets will push the economy in the right direction. It will be a slow recovery. I believe the hey day of "consumerism" is over. Our economy will have to adjust to no longer being able to milk the average Joe at both the job and at the shopping mall. Yes. I do believe that the recession is nearly over. But, the recovery from the recession is just beginning and will last for some time to come. Although consumer confidence is an interesting barometer indicating potential drift of the economy, it is a lagging barometer. Meaning consumer confidence is based on what has already happened and not so much the future of the economy. The old saying used to be that “money makes the world go around.” A more updated version of that saying would be “Credit makes the world go around.” Thawing of credit markets will push the economy in the right direction. It will be a slow recovery.

I believe the hey day of “consumerism” is over. Our economy will have to adjust to no longer being able to milk the average Joe at both the job and at the shopping mall.

]]> By: EvloCooper http://survivingarecession.com/refinancing-with-bad-credit#comment-329 EvloCooper Fri, 04 Sep 2009 02:29:53 +0000 http://survivingarecession.com/?p=297#comment-329 You make some very salient points about trying to refinance. "The simple fact of the matter is that very few people are going to come through the recession unscathed." Truer words have never been spoken. Yet, I was wondering, do you really believe that the recession is almost over? Are you pegging this to the stock market, because consumer confidence and spending are still at abysmal levels. Great blog! You make some very salient points about trying to refinance. “The simple fact of the matter is that very few people are going to come through the recession unscathed.” Truer words have never been spoken. Yet, I was wondering, do you really believe that the recession is almost over? Are you pegging this to the stock market, because consumer confidence and spending are still at abysmal levels.

Great blog!

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