Popular New Year's Resolution: 'Stop Paying My Credit Card Bills' [View article]
Don' forget that they charge 20% + interest rate and they refi at close to 0%. If I get 20% cash flow on an investment, I can survive with an 8% loss on the capital. The question is, are we at the peak or near the peak regarding delinquencies or is the trend in full swing? I think we are near the peak. The second question is why the increase with C is more than 50% where the other banks are all below 10%? Is C particularly unlucky with its clients or did it become conservative in its accounting?
Popular New Year's Resolution: 'Stop Paying My Credit Card Bills' [View article]
The second question is why the increase with C is more than 50% where the other banks are all below 10%? Is C particularly unlucky with its clients or did it become conservative in its accounting?
Stocks on the Verge of... Something [View article]