Marketplace: Straight Story: Borrow and spend

Friday, February 1, 2008

Straight Story: Borrow and spend

Economics editor Chris Farrell pulls out his crystal ball and sees a return to frugality. Chris sets the story straight on the end of the "borrow and spend" economy.

Economics editor Chris Farrell (American Public Media)

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Marketplace Confessional

"I disagree with Diana Nyad, who told Bob Moon today that Americans are not interested in Wimbledon because there are so few Americans playing. I love watching tennis, no matter who is playing. I have watched tennis for years, but the networks toy with us, creating drama rather than showing the match. Oftentimes, televised matches end precisely when the allotted time expires, even if they have to cut and splice. When they don't, as happened in a Nadal match last weekend, we were left hanging at the end of two sets, as NBC switched to women's golf. I don't have cable TV, so I couldn't switch to MSNBC as was suggested. It's enough to make me turn off the TV and read about the matches online."

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