Plastic

rffrydr · Posted: Tue May 08, 2007 8:16 am Post subject: Plastic

Mastercard surprises big in quarter as consumers load up. Strains in refi-land? Bullish reception. Bearish (economic) consequences.

http://www.thedesertsun.com/apps/pbcs.dll/article?AID=/20070507/UPDATE/70507017
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rffrydr · Posted: Mon Jul 20, 2009 7:58 am Post subject:

Dimon can't make money at 15% plus fees? You made it the previous five years...credit cards are NOT a bond. Good to see some moxie from the banks however:

http://tinyurl.com/kkgyu2
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rffrydr · Posted: Tue Jun 23, 2009 11:16 pm Post subject:

China's six-month late rate:

http://www.marketwatch.com/story/chinese-increasingly-overdue-on-credit-cards?siteid=rss&rss=1

As always, beware per capita comparisons of anything in china.
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rffrydr · Posted: Wed Jun 10, 2009 11:44 pm Post subject:

· Visa said that 70% of U.S. payment transactions are now debit. Debit volume has crept over credit volume for the first time. Without leverage and credit expansion, spending will be less and not more as people spend in line with their incomes.

· Visa said that transaction volumes are increasing, but cross boarder continues to drift down. It indicated that U.S. payment volume growth steadied at -3%.
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rffrydr · Posted: Tue May 26, 2009 9:53 am Post subject:

More "reform":

http://www.latimes.com/business/la-fi-credit26-2009may26,0,5507218.story

http://theenvelope.latimes.com/la-fi-lazarus20-2009may20,0,5498948.column
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rffrydr · Posted: Tue Mar 17, 2009 9:22 am Post subject:

And what did we get for all that loyalty--slashed limits and doubling rates. More unfortunately the creditcard tap has been OUR microfinance. How much do we loose where there is little counting, in family-owned business?

http://www.bloomberg.com/apps/news?pid=20601110&sid=aWeFIP9XnA90
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rffrydr · Posted: Fri Jun 13, 2008 11:41 pm Post subject:

What goes around comes around...or how to inflate without really trying:

http://registration.ft.com/registration/barrier?location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F5f119852-3973-11dd-90d7-0000779fd2ac.html&referer=http%3A%2F%2Fwww.google.com%2Freader%2Fview%2F%3Ftab%3Dmy
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rffrydr · Posted: Fri Jun 06, 2008 11:38 pm Post subject:

Forget the VISA IPO; plastic is the Banks best friend:

http://biz.yahoo.com/cnnm/080527/052308_credit_debt.html?.v=10
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HenryTo · Posted: Mon Nov 05, 2007 10:20 am Post subject:

Aside from Mastercard and American Express (and of course, Visa, but there is a transparency issue here since it's a private company), Discover also bears watching:

http://quote.yahoo.com/q/bc?s=DFS&t=6m

rffrydr · Posted: Mon Nov 05, 2007 9:31 am Post subject:

Again, a slowwww burn:

http://finance.yahoo.com/banking-budgeting/article/103811/The-915B-Bomb-in-Consumers'-Wallets;_ylt=Ap3K6IlpDTnH3O1KvYEjqTO7YWsA

Esp. as it's a card before the house world.
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rffrydr · Posted: Tue Sep 25, 2007 11:09 am Post subject:

....And the fallout:

http://money.cnn.com/news/newsfeeds/articles/djf500/200709251032DOWJONESDJONLINE000378_FORTUNE5.htm
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