The death of the credit card economy. - By Daniel Gross - Slate Magazine

"Easy terms" means "easy spending" which means "easy overconsumption" which means "easy debts" which means "easy interest piling onto easy debts" which means "easy path to financial distress". Speed up the "need" for "easy overconsumption" and We get an economic crisis that's just starting down the easy path to a deepening recession.