Credit Card Spending Growing at an Alarming Rate
Dec 18, 11
On October 12th, 2007, the Dow Jones Industrial Average hit its peak of 14,093. Shortly thereafter, the markets had a 50% haircut. Ever since, the DJIA has been slowly gaining lost ground. Credit card companies have followed a very similar path. Between 2007 and 2008, well-known companies such as American Express (AXP) and Capital...
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