You realize hobby is illegal in US right?

So just because of Fed doing QE3, means that banks are going to start handing out loans (in form of LOC, Credit Card etc)  like Halloween candy?

This post is lame than any DICK SIZE and I-FELL-FOR-HOOKER posts...

Get real dude...

Any sort of paper or cyber trail pointing to an illegal activity is counter-intuitive to remaining anonymous.  Just ask Eliot Spitzer how well it worked-out for him.

queee

i can get my dick hard on queue..is that the same thing?

With CCs, you have to claim every dime you make, and I prefer to pay more or less certain times of the year. Everything I give to charity and deposit in my bank account, has to be claimed so that's enough of a paper trail for me. I know many providers who use CCs, and do very well especially on the tip part. Guys tend to spend more money on a CC, vs. cash.

My .02 cents

Well I guess the hobby can be a form of "stimulus," for real, in that in gets people to take money out of savings and put it in circulation (assuming they don't cut back on other expenses). Some people think QE3 is a bit like "pushing on a string," or if you want to use another metaphor  ... well, you get the idea.

I do wonder if providers will find it easier to put those little dongles on their phones and take card payments, suppose there is a bit of risk but maybe some reward too. I suspect it will take a bit of time to become the norm.

QE3 just means the Fed is buying $40bb of mortgage-backed securities every month.  How does that trickle down to the microeconomy of providers and hobbyists?

One has nothing to do with the other.

But more importantly, do you want a paper trail caused by a credit card?

I asked this question of a friend who replied...


A WSJ blog today suggests that any effect of QE3 has been already been built into the price of the mortgage-backed securities the Fed will be buying. Even if that wasn't the case any effect we see now would be perceptual rather than actual since we are in the early days of this QE cycle.

In any economy there are people with money to spend. However this morning 700 workers at the Campbell plant in Sacramento found out the plant (open since 1947) will close. As long as people fear that they may lose their job and if they do nothing else will be available they, as they should be, will be tight with their spending and taking on more debt. A large amount of spending in the past was predicated on the belief that housing prices always would go up. Tell that to those those based their financial decisions on that erroneous assumption. My youngest son took many economics courses through his time in college. Upon graduation I asked what had he learned about economics. He said the main thing he learned was that economists really couldn't predict anything. I, the optimist, see better times ahead but unfortunately that may be based more on hope that any solid knowledge.