Or, in this case, nightmares. Analysts are predicting terrible years for credit card companies, or banks that have large credit card divisions. And, of course, they’re going to try to soften the blow as much as they can by taking that money out of your pocket. Like a villain in a bad slasher movie, they’re coming for you. And they’re going to get you. I recently got a notice in the mail, increasing my 6 % APR to 26% APR–for no reason whatsoever. The best thing you can do is pay down your cards as quickly as possible.
Two other tidbits today. United Technologies is slashing about 12,000 jobs, because it no longer sees getting their business back as a possibility. And in good news: Netflix has passed the ten million subscriber mark. Except them to do well throughout this recession. Because of that, here’s their jobs page.