|
Ail said: Credit isn't as widely used in the rest of the world as in the US ( not everyone is as stupid thank god, I mean how many brain cells do you need to carry a balance on a credit card with 18% APR ???) especially in Europe so customer spending shoudn't decline as sharply there. In some part of the world people actually know what the word 'savings' mean...
|
Want to explain to me why Europe is in a recession then? And why the gorvernments of Europe rescuing banks the same as the US?
The truth is there is plenty of blame to go around. From Republicans to Democrates. High income to low income homeowners. And Leanders to Homebuyers. Every group had a hand in making this mess, Everyone is in this togather so we need to try and stop placing blame for now and work on getting the problem fixed.
