View Single Post
Old 03-03-2008   #6
EmporerEJ
Brilliant Innoventionalist and writer.
 
EmporerEJ's Avatar
 
Join Date: Dec 2003
Location: USA, Northern Hemisphere, Terra, 3rd of nine, Sol System, Milky Way Galaxy, Far from Galactic Core
Posts: 2,260
Default Re: Credit card debt rises 315%

Quote:
Originally Posted by RawAlex View Post
http://www.cnn.com/2008/LIVING/perso...ity/index.html

This is possibly one of the biggest warning signs for the online industry. Credit card debt is mounting, and looking like it is going to be the next frontier of defaults. This means that more potential customers are running their cards to the max, and therefore we are more likely to see declines for sales, renewals, and such.

.
Remember about a door closing, and a window opening up?
Well, how about a positive spin? With our product, which is a "substantial" purchase, we are seeing more European orders. Why?
The Euro is worth 1.50 on the US dollar.
So, our product is , like, on a 50% sale overseas.


__________________

Eric J. White
VirtualSexMachine.com
EmporerEJ is offline   Reply With Quote