Minutiae
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"Chuck Norris doesn't read books; he stares them down until he gets the information he wants out of them."
- ChuckNorrisFactsdotcom

Saturday, July 02, 2005
Just to be nauseatingly repetitive: this is a financial
perfect storm. We're heading into a recession. Get ready for economic pain. Credit card minimum payments will nearly double this summer. Student loan variable interest rates just bumped up 2%. Bankruptcy will become much more difficult in October. And, of course, housing is in the biggest price bubble in history. Trouble might manage to hold off until Greenspan retires in January, but it is coming.

If you're part of a couple, be ready to live on one income. If you're single, better to try for a full year of emergency money, this is going to be widespread and ugly. Live on ramen for the next few months and get that debt paid off now.

posted by Rachel 7/02/2005
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