Showing posts with label credit cards. Show all posts
Showing posts with label credit cards. Show all posts

Friday, November 20, 2009

Convenience vs Necessity

"Collectively, U.S. consumers have had charge cards for about 90 years now. Basically, they're a convenient way for people to pay for items without having to carry cash. But people shouldn't confuse convenience with necessity. However, for the vast majority of the people complaining — the ones who have balances that can't easily be paid off because they bought too many flat panel TVs — well, I hate to say it, but you got what was coming to you. You borrow from a loan shark, and you risk a visit from a thug wielding a baseball bat."
Nilus Mattive, Weiss Research Inc.
"I believe that the American public hopes for a continuation of the Supersize Me Era. We really enjoyed it and we hope that somehow Obama can keep the party going. Unfortunately, I believe that the kegs have run dry and we'll be forced to shift our mentality to a place it hasn't been in our lifetime. It's best to be proactive than reactive. Reactive can be very painful. Hopefully you have a nice photo album of the era. It will be one to remember."