Deleveraging cycle

The US is in a deleveraging cycle. Consumers, aided probably without solicitation by banks -- "we've rescinded or reduced your line of credit. Also, we're raising your APR six percentage points, even though you pay your bill on time every time" -- are scaling back.

I used to have a finance blog. I took it down because I lost interest: anonymous commentators would fail to read for comprehension and context, other blogs bland and valueless would proliferate.

http://www.nytimes.com/2010/07/18/magazine/18FOB-wwln-t.html?scp=1&sq=mortgage%20pay%20off&st=cse

I'll join with the deleveraging. I have retirement, education and home repairs to take care of. Our equity is almost 60%. I'd like to help people save more money and stick it to banking institutions by paying loans on time or paying in cash or consider bartering. I tried to cut down on my energy usage to save money but my city utility increased rates 45 so I just pay more for less. Life sucks.