Zachary Scheidt

Mastercard's Risks

I think you are correct in the thought that people will continue to charge when they can. However, I worry about a time when the consumer becomes so loaded down with debt that those charge cards are denied. Some anecdotal evidence I have been reading suggests that there are more and more "rejections" popping up as people reach their credit limits - this could become a much larger problem.

Mastercard's Risks

hmmm - it's pretty hard to take someone seriously who does not believe MA has consumer exposure. They may not have credit or liquidity or even interest rate exposure but they most definitely fluctuate based on consumer spending habits.

Thanks for the comment