SevenCubed - 6:36 pm on Nov 2, 2012 (gmt 0)
I read this out of casual interest rather than as someone who can benefit from it. If I step back a bit it seems like a rather desperate move from the point of view of is the economy really worst than we are fully aware? I would think a financial services company like PayPal would tend to be closer to the pulse of consumer spending (or total lack of it) and an offer like this would be a strong indicator.
Here where I am I haven't really seen any strong indicators that we are getting ourselves out of the recession that began 4 years ago. I still have a nagging feeling that it also runs much deeper than merely a lack of consumer confidence. I think all of North America, as well as points beyond, have maxed out their credit.
What else can be around the corner? Deflation? Does it seem inevitable or am I reading too much into this? I have for a few months now been keeping my antenna up for signs of impending deflation.