The New York Times has this story: “Rising Credit Card Losses Are Next Challenge for Banks“. Eric Dash and Andrew Martin do a good job of explaining the extent of trouble banks are having and are going to have with credit cards. “Even the government’s grim projections may vastly understate the size of the credit …
Tag Archives: credit card bubble
The Pop is Going to Hurt
“Credit Card Debt: This Popping Bubble is Really Going to Hurt“, an article in AlterNet’s Corporate Accountability and WorkPlace news, offers a fairly complete perspective of what we face in terms of the credit card bubble. Most telling are the comments of readers. They range from “pay off your credit cards as soon as you …
A Return to Traditional Banking Business
I wonder, though. Isn’t the advice and lending behavior of banks part of what got us into this? It sounds like more of the same.
The Plastic School of Hard Knocks
A new school year is about to begin in the school of hard knocks. College students will face a wall of credit card offers. It doesn’t seem logical. Why would credit card companies want to account unemployed holders who are usually low on funds, and will have difficulty making their monthly payments? Credit card companies …
Welcome to the Credit Card Bubble Blog!
If you’ve watched the television news lately, you’ve heard about the housing bubble. You’ve probably also heard about the general debt bubble. One thing that you may not have heard mentioned frequently is the credit card bubble. You may have heard it in passing. The comments were similar to, “home owners are maxing their credit …
The Coin of Capitalism is Two-Sided
In the post I wrote yesterday, Garnishments Increase, I began a paragraph with, “every article has a slant and story to tell”. In a similar fashion, every party to the credit card bubble has its own slant and story. Reduce the discussion to borrowers and lenders and it’s easy to see both parties in a …