What we're recommending is that people take out as much cash as they would need for a long weekend. And if you're relying on credit cards, request copies of your credit report before and after the century change so you can spot and correct any Y2K errors immediately.
More Quotes from James Chessen:
The rise in auto and other consumer loan delinquencies reflects the avalanche of layoffs over the past year and a half. Until job growth gains upward momentum, relatively high levels of delinquencies will remain.James Chessen
With job growth strong over the last year and gas prices easing by year-end, the delinquency picture has brightened considerably.
James Chessen
Gas prices don't look like they are coming down any time soon. Today, it costs 500 more than it did last year to operate a car. That's a whole lot of money.
James Chessen
Signs of financial stress still are present. The persistent interest rate increases by the Federal Reserve and record high gas prices in the third quarter provided a one-two punch that continued to inflict pain on personal budgets.
James Chessen
It may be many months before its impact is reflected in the delinquency picture.
James Chessen
My concern is many people are having financial difficulties. Personal savings rates are down. There is less of a buffer to fall back on.
James Chessen
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How do you dare to ask me for a solution? It's like asking Seneca for a solution. You remember what he did? He committed suicide!
Oriana Fallaci
From that moment on, the newspaper became a highly lucrative investment for those with a talent for making money or for publishers wanting to gain a fortune.
Ferdinand Lassalle