Daily Archives: November 20, 2007

Credit Coincidence?

We’re supposed to be in a time of reduced financial liquidity.  A “credit crunch”.  A shortage of money.

So is it just coincidence that I’ve had a sudden flurry of junkmail (the paper kind, that I can’t leave to the spam filter) inviting me to take out not only new credit cards, but also loans?

The credit card “offers” are a fairly steady stream, but seem to be increasing rather than decreasing.  But the loan “offers” have seen a definite and very substantial rise this autumn.  Lenders are evidently still anxious for me to borrow!

I wonder just how widespread this is.  I expect the merkins have got a share of the insanity, but is the rest of Europe in it too?