Quote:
Originally Posted by Konda
The stock can and probably will go down a lot in the next year, as the US economy is currently not very stable and will probably only get worse. This causes people to spend less money, and that is bad for the card companies as their profits will go down.
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Or its a careful balance between those who are now stuck making minimum payments only which drives up profits and then of course those who downright default on their balances.