February 20, 2008 at 2:46 am
#761314
Inactive
@Inspiration 153341 wrote:
February is a month I really would like to forget uptil now. All programs below average and some below sub zero. I can pay the basic needs :wink-wink
Could it be that recent problems with the payment processors and regulation has something to do with it ?
Rick
Could be but the US economy is in a major slowdown if not a recession. (a recession is defined as 2 or more quarters of negative GDP growth, last quarter it grew at .6% compared to the previous quarter of about 4.9%)
The Federal Reserve cut short term interest rates twice in 9 days which is hardly done if ever and the Congress passed that economic stimulus package last week so hopfully it will be short lived. That sub-prime loan mess didn’t help.