Financial infographs like this one are especially interesting when they give you perspective on a global basis. This piece takes a look at the credit card usage and outstanding debt of US consumers vs that of other countries… Click to Embiggen! Source: Derri_Hasmi
Pop quiz: What’s the quickest way to ensure that credit availability to consumers will dry up immediately? That’s an easy one…make it less profitable for credit card issuers to lend! Combined with the additional risk of lending in a recession, that’ll do the trick. And that’s exactly what Obama‘s anti-business gang did next: From the…
Hot Links for Weekend Reading Ever wondered what CNBC actually stands for? Its their 20 year anniversary, so check out The Business Insider (the old Clusterstock) for the answer and amaze your friends and co-workers! Also on TBI, James Cramer breaks his silence on his appearance with The Daily Show’s Jon Stewart. Twas an ambush….