All true and good, but the markets are now driven by news - Tiny Tim and crew can move mountains by opening their mouths. Markets are still driven by fear - fear of government intervention.
American Express Buying Out Cardholders: Bad for the Economy? [View article]
Is there something Amex sees that its not telling us? Looks like they are predicting defaults to increase significantly and willing to take in less to reduce the possibilities of defaults.
What is driving the markets down? Has much changed since November? Is the market reacting to O's attempt to manage the crisis through dynamic duo Larry and Tim, now also in charge saving the auto industry.
European banks doing better then expected, US banks' CEO say Jan was good, so why the drop?
It is not so much card per person, but the total credit limit and actual spending on daily needs and comfort items.
More and more people from India and China are approaching middle class hence more credit cards. Also, in these countries owning a credit card is status symbol.
Long Visa: Not All Credit Card Companies Are Created Equal [View article]
Stock is down form its high of $90. Great stock to trade and buy for the long term investment.
This Rally May Have Legs - Bespoke [View article]
American Express Buying Out Cardholders: Bad for the Economy? [View article]
Financials Getting Slaughtered [View article]
European banks doing better then expected, US banks' CEO say Jan was good, so why the drop?
Credit Cards by Country [View article]
More and more people from India and China are approaching middle class hence more credit cards. Also, in these countries owning a credit card is status symbol.
Hence, it can only be up, up, and up....