Comments on: Good Read: The Case for Credit (and Thus Maybe the Economy) http://briansullivan.blogs.foxbusiness.com/2008/10/23/good-read-the-case-for-credit-and-maybe-thus-the-economy/ FOXBusiness Fri, 20 Nov 2009 18:24:21 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: s.r.b. http://briansullivan.blogs.foxbusiness.com/2008/10/23/good-read-the-case-for-credit-and-maybe-thus-the-economy/comment-page-1/#comment-1863 s.r.b. Thu, 23 Oct 2008 18:24:44 +0000 http://briansullivan.blogs.foxbusiness.com/?p=241#comment-1863 Brian, I hope what you say is true, but from my viewpoint as a small retail clothing store owner, I don't see it happening. Everyone is paying with cash these days. Back to school sales were lukewarm and early Christmas shoppers are hitting the clearance racks hard. The perfect storm has just gathered over the consumer's heads and they are running for cover! Brian,

I hope what you say is true, but from my viewpoint as a small retail clothing store owner, I don’t see it happening.

Everyone is paying with cash these days. Back to school sales were lukewarm and early Christmas shoppers are hitting the clearance racks hard.

The perfect storm has just gathered over the consumer’s heads and they are running for cover!

]]> By: Craig Glackman http://briansullivan.blogs.foxbusiness.com/2008/10/23/good-read-the-case-for-credit-and-maybe-thus-the-economy/comment-page-1/#comment-1862 Craig Glackman Thu, 23 Oct 2008 16:12:49 +0000 http://briansullivan.blogs.foxbusiness.com/?p=241#comment-1862 I am wondering if the availability of credit has caused a increase in prices. For example, other things considered equal, would the price of an automobile be as high as it is if we did not have credit to pay the high price of a new car. I theorize that credit has caused us to overvalue most things we purchase because we can pay for them using credit. An actual cost of most items would be significantly lower if credit was less accessable. Furthermore, I think we should remeber that the credit market is such, a market. More importantly, maybe it is time for the credit market to end. I mean, bad markets end all of the time, maybe its time for the credit market to end INSTEAD of bailing it out. I am wondering if the availability of credit has caused a increase in prices. For example, other things considered equal, would the price of an automobile be as high as it is if we did not have credit to pay the high price of a new car. I theorize that credit has caused us to overvalue most things we purchase because we can pay for them using credit. An actual cost of most items would be significantly lower if credit was less accessable.

Furthermore, I think we should remeber that the credit market is such, a market. More importantly, maybe it is time for the credit market to end. I mean, bad markets end all of the time, maybe its time for the credit market to end INSTEAD of bailing it out.

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