Tag Archives: ta

Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit [...]

Even Porn Is Not Recession Proof. See What I Mean.

Recent news out of Playboy Enterprises shows that a down economy hurts everyone. Playboy recently announced the elimination of 80 jobs and other cost savings measures in a hope to return to profitability. Memo from CEO Christie Hefner: October 15, 2008 Dear Fellow Employees: During the employee meetings earlier this year, I outlined the challenges [...]