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  • Wall Street Breakfast: Must-Know News [View article]
    Nothing could be worse than if all the new jobs are government positions.
    Jun 18 08:11 am |Rating: +21 -1 |Link to Comment
  • Late Payments on Credit Cards Reach Record Levels [View article]
    The "better than expected" profit numbers for VISA and Mastercard relate only to the higher use of credit cards to buy things people don't have cash to pay for.

    The balloning card balances make profits look good in the short run as long as customers keep paying the monthly minimum payments. Once their credit lines hit maxes however, these now larger balances will go into the 60 - 90 day in arrears category and credit card issuers' profit will go in the toilet.

    Take advantage of the temporary uplift in V And MC shares to get out before the shit hits the fan.
    Feb 07 05:37 am |Rating: +4 -2 |Link to Comment
  • Tough Times for Card Companies - Barron's  [View article]
    The other 'card' companies - traditional greeting cards - have become the latest 'buggy whip' producers.

    With e-greetings virtually free and snail mail alm heading towards extinction American Greetings and Hallmark could be joining with the newspaper industry group as modern day producers of antiques.

    Sad to see but the new reality when IM-ing and texting are all that the new generations will do.
    Dec 28 08:07 am |Rating: +4 -4 |Link to Comment
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