vintage cards recession proof?

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Posted By: Ted Zanidakis

I agree with the comments of RICHARD M and SCOTT B.....and, I share Scott's optimism in the economy.
95% of the US work force is employed. And, that is the prime indicator of how well the economy is per-
forming. The constant "drum-beat" by the media of a "recession" is a figment of their imagination that is
intended to influence the voting public in an election year. Unfortunately, this makes an impact on many
who tune in to this media.
This "sub-prime" crises is similar to the "Savings & Loan" fiasco in the early 1990s; and, will subside after
this Presidential election, if not sooner. Approx. 96% of home owners in this country don't have a problem
with paying their Home mortgage or their Equity loans

Another prime indicator of our economy is the DOW's performance over the past 26 years, as it illustrates
the resiliency of the US economy.

During the 1980's the DOW went from 800 to 2800.....in Oct of 1987 the Stock Market had a "glitch" that
caused the DOW to dip down to 1700.

During the 1990's the DOW climbed from 2800 to 11,500.

A mild "recession" in 2000 caused the DOW to drop to 10,000.....and, the terrorist attacks on 9/11 caused
the DOW to drop down to 8500.

From 2002 to 2007 the DOW has increased from 8500 to 14,000......the macro-economics of our Financial
System has shown us that our economy will keep recovering. And, how does all this translate to the value
of your BB cards ?

You can graph BB card values with the track record of the DOW since 1980; and, you will be surprised how
close these two graph curves match each other.


TED Z