Consumer Credit: the next big crisis?

[FabMav]

Will consumer credit be the next bubble?

http://finance.yahoo.com/banking-budgeting/article/103811/The-915B-Bomb-in-Consumers'-Wallets;_ylt=Ami9Ep8INktxI9HlAEIqD3m7YWsA

The $915 Billion Bomb in Consumers' Wallets
by Peter Gumbel
Thursday, November 1, 2007

This past summer's subprime meltdown involved about $900 billion in now-suspect securitized debt, reckless lending, and consumers who buckled under the weight of loans they couldn't afford. Now another link in the consumer debt chain - credit cards - is starting to show signs of strain. And the fear that the $915 billion in U.S. credit card debt (an uncannily similar figure) may blow up has major financial institutions like Citigroup, American Express, and Bank of America strapping on their Kevlar vests..................

[kika]

interesting article thanks for sharing that.

[Leth]

if the analysts are correct (which they rarely are) all you have to worry about is being on the short side when the market is going down (if it even goes down when they think it will). anybody can be right once in awhile.

this is only a perspective..fundamental information is useless in my trading. however, it may be pertinent to someone else's method.