Sunday, March 15, 2009

The "uptick"

As everyone waits for the economy to recover and all the big whigs are out there waiting for lending to pickup I have to say I have seen a few signs that banks are loosening up their credit belts, albeit just above a trickle but it's something I haven't seen in a year or more myself. One is the very mild uptick in junk mail credit card offers. I only see about one every two weeks but they had almost dropped off the face of the earth so someone is getting comfortable again. Window shopping, not the kind you see people do in the malls I am talking about the Sunday home shopping that take place when there are interests in properties and when there is hope to get a loan. It may not mean much but the number of u-turns and people stopping suddenly to grab the flyer from a for sale sign is moving up a bit. You really can't be angry at these drivers either because you know our economy depends on this movement. Our economy is moving and though these are the smallest of signs that something is happening it is a sign toward stabilization and normalcy. Hopefully this will make it into the general news in the next 30 to 60 days.

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