Recession and Credit Cards: Possibly? Did You Mean Probably?
The New York Times recapped Jerry Powell’s testimony to the Senate Banking Committee on June 22, and while there is ...
Tag: economy
Shifto in Crypto: Losses and Layoffs Up, as the Prospect Wanes
Economic disruptions are never fun, but they weed out some innovations that seemed like a good idea at the time ...
Why Cryptocurrencies Are Assets, Not Currencies
I agree with the logic of this article, but I have one question. If enough people willingly ignore the benefits ...
Elvira Steadies Credit, Debit, Merchant, and Wholesale Payments in Russia
Here is an interesting story in the New York Times about the Central Banker behind Russia’s move to reposition the ...
Economists Pin Blame for Rising Inequality on Automation
This New York Times article indicates several economists have discovered direct links between the deployment of automation and the rising ...
Betting on Subprimes: Strategic Play or Risky Business?
The WSJ reports on the trend of increased lending to subprime borrowers, and while it sounds like a great deal, ...
U.S. Credit Cards: Steady, Profitable, and Back to Business Through 1H21
If you are going to monitor economic health, consumer confidence, and the long-range perspective on retail payments, the credit card ...
Spending On Crypto-Linked Visa Cards Tops $1 Billion in First Half of 2021
This article discusses this press release from Visa that indicates spend of crypto at merchants that accept the Visa card ...
A COVID-19 Bottleneck Pits Moore’s Law Against the Cheap Chips Our Cars Need; That’s Bad For Tech and the Economy
COVID-19, in combination with the consolidation in the chip-making business, has created a crunch so intense that it could significantly ...
Rising Gasoline Prices: Bad for Consumers, Good for Credit Cards
As the Federal Reserve toils with the broad topic of how inflation will impact the economy, consumers have to look ...
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