Retail is taking a beating. Pride coming before the fall? We grew like there was no tomorrow with all the fake and free credit and now the Piper is asking to be paid. I have 2 credit cards and they both sent me notices that they want to raise my interest rate and I could "Opt-Out". I called one and asked why and they said they have the prerogative and it was stated in the agreement I received. Damn thieves. Why should I bail out these bastards because they don't know how to run a bank?
My local news stated a potential 200,000 retail stores may close this year. I read that an economic correction is in direct proportion to the economic bubble that was created and this is shaping up to be a doozie!
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