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post #91 of 111 (permalink) Old 02-16-2009, 08:52 PM
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Just give us your best guess Mr. Spock...

I would SWAG it at 6%. Then there is the variable of collapsing credit line which will stop the eating out all together for that person. Then we have the higher interest rate which burns more of the payment in interest instead of principle which makes paying the account down harder, again making future purchases harder...

So it becomes a domino effect.

And, from the National Restaurant Association, some facts:
  • The overall economic impact of the restaurant industry is expected to exceed $1.5 trillion in 2009, equaling 4% of the U.S. gross domestic product..
  • Every additional million dollars in restaurant sales generates an additional 33 jobs for the economy.
  • Eating-and-drinking places are mostly small businesses — with 91% having fewer than 50 employees.
  • The restaurant industry employs an estimated 13 million people, or 9% of the U.S. workforce.


So if the large majority of folks are using their credit cards for restaurant purchase, and 8% are defaulting on their credit cards, the impact will be somewhat important.

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post #92 of 111 (permalink) Old 02-16-2009, 10:51 PM Thread Starter
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principal
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post #93 of 111 (permalink) Old 02-16-2009, 11:22 PM
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principal
What about the principal?

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post #94 of 111 (permalink) Old 02-17-2009, 12:21 AM Thread Starter
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Then we have the higher interest rate which burns more of the payment in interest instead of principle which makes paying the account down harder, again making future purchases harder..
principal
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post #95 of 111 (permalink) Old 02-17-2009, 09:03 AM
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Yes they do! Why don't you try a cyanide pill?
Thanks for pointing that out. Why don't you take one first since you are the village idiot of BWOT. Let's see if the pill works.

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post #96 of 111 (permalink) Old 02-17-2009, 10:52 AM
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I have just been notified by a knowledgeable source that this thread is currently rated "The Stupidest Thread on The Entire Internet". A warning has been issued:


Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #97 of 111 (permalink) Old 02-17-2009, 11:26 AM
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principal
I missed that.

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post #98 of 111 (permalink) Old 02-17-2009, 01:17 PM
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...
So it becomes a domino effect.

And, from the National Restaurant Association, some facts:
  • The overall economic impact of the restaurant industry is expected to exceed $1.5 trillion in 2009, equaling 4% of the U.S. gross domestic product..
  • Every additional million dollars in restaurant sales generates an additional 33 jobs for the economy.
  • Eating-and-drinking places are mostly small businesses — with 91% having fewer than 50 employees.
  • The restaurant industry employs an estimated 13 million people, or 9% of the U.S. workforce.


So if the large majority of folks are using their credit cards for restaurant purchase, and 8% are defaulting on their credit cards, the impact will be somewhat important.
You and your damn dominos bear! I swear you must have been fixated on them as a young child! Try checkers and give all a break!!

Don't believe everything you think
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post #99 of 111 (permalink) Old 02-17-2009, 01:26 PM
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You and your damn dominos bear! I swear you must have been fixated on them as a young child! Try checkers and give all a break!!
You know, Jay, Gerkebi's GTG is two weeks b4 your club caravan. You should swing over for the day on the 1st. I would love to see you and bear together. Then again, it might take longer than a day to get you apart!!

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If it helps America through it's current crisis, I say go ahead! We can take it, after all we're Canadian!

Blame Canada!!
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post #100 of 111 (permalink) Old 02-17-2009, 01:44 PM
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^ They spooned for a couple of hours when Bear went through Kansas. This is all a put-on.
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