BigTrends

I've been wondering what the short- and long-term effects are going to be of the massive slashing of consumer credit card limits. I'm seeing evidence of this occurring everywhere but would like to see more numbers and specifics about what each credit card issuer is doing and has done. To some degree it obviously will be dampen consumer spending in the short run, but in the long run it may make a more savings-driven, less over-extended U.S. consumer. Interesting that I view this as a possible short-term negative with possible long-term positive results ... yet I view the Fed's and government's money printing as short-term positive but likely long-term negative.

Position: How are they going to buy those 60-inch LCDs?