here is something about the US Economy at the moment that I for one don’t get. Now it may be that being a brit, I am a little slow on the uptake; this has been known to happen every now and then but at the moment I cannot fathom several things out.

Now in sound economic times this is fine and without these sorts of arrangements whole economies would disappear over night but it seems to be getting slightly silly at the moment with bankruptcies and bankrupts getting younger and younger as the months go by.

It used to be that credit was reserved for the privileged few and though I wouldn’t want to go back to the days of the late 19th or early 20TH Centuries it would appear that more and more Americans (and us Brits too it would appear) are relying more and more on “the old plastic” sitting in our wallets!

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