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The press is blaming frugal consumers for the recession, since consumer spending is down - the media says - “There goes the economy!”

Of course spending is declining, have you seen the price of milk lately? Never mind the price of fuel and heating oil, the job losses, the businesses going under and the housing crisis all contributing to the credit crisis

and recession. Corporate profits can’t continue to rise while the economy falters.

Bill collectors will find themselves overwhelmed with work as more and more business owners look to their customers that owe them money to add to their bottom line, in a moment where orders are slowing down and public can’t pay their bills.

Orginal post by Michelle Dunn