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CrossProfit_'s
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567 comments
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By 2010, the current $4T(?) in credit card lines will likely be a smaller percentage of income than it is today. There will not be a need for the card companies to reduce.
May 21 09:43 am
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All Comments by CrossProfit_ »A Reason To Be Cautious on Visa, Mastercard [View article]
The key metric is percentages of income, not the overall number. As we haven't seen Meredith's worksheet, we can not comment directly. For instance, what figure is used for inflation and wage growth for 2009 and 2010? We don't know and neither does anyone else until the analysts disclose their papers for scrutiny by peers.
CrossProfit