BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Tell-Tale Stat: Credit Card Debt Rises for First Time Since August 2008]]>http://www.bloggingstocks.com/2011/02/13/credit-card-debt-rises-for-first-time-since-august-2008/http://www.bloggingstocks.com/2011/02/13/credit-card-debt-rises-for-first-time-since-august-2008/http://www.bloggingstocks.com/2011/02/13/credit-card-debt-rises-for-first-time-since-august-2008/#commentsFiled under: , ,

credit cardsThe past week's datapoint-of-consequence for investors had to be the December 2010 consumer credit report, which indicated that credit card debt increased for the first time in more than two years.

Revolving debt, which includes credit cards, increased by $2.3 billion in December, or at a 3.5% annualized rate, the U.S Federal Reserve said. It was the first monthly increase in credit card use since August 2008.

Continue reading Tell-Tale Stat: Credit Card Debt Rises for First Time Since August 2008

Tell-Tale Stat: Credit Card Debt Rises for First Time Since August 2008 originally appeared on BloggingStocks on Sun, 13 Feb 2011 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer creditconsumer spendingcredit cardsfeaturedinthenewsnonrevolving debtrevolving debtSun, 13 Feb 2011 10:10:00 EST<![CDATA[Don't leave home without your American Express shares]]>http://www.bloggingstocks.com/2009/05/04/dont-leave-home-without-your-american-express-shares/http://www.bloggingstocks.com/2009/05/04/dont-leave-home-without-your-american-express-shares/http://www.bloggingstocks.com/2009/05/04/dont-leave-home-without-your-american-express-shares/#commentsFiled under: , , ,

Has American Express turned the corner? Perhaps not, but an intriguing dynamic warrants a review of the company.

American Express (NYSE: AXP) just posted a strong quarterly performance (Q1) relative to extremely low expectations. Excluding the 12-cent, after-tax benefit from MasterCard (NYSE: MA) and Visa (NYSE: V), AXP earned 20 cents per share, versus analysts estimate of 12-18 cents.

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Don't leave home without your American Express shares originally appeared on BloggingStocks on Mon, 04 May 2009 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>axpcredit cardsinthenewsmarevolving debtvMon, 04 May 2009 11:30:00 EST<![CDATA[As credit card delinquencies rise, consumers rein-in spending]]>http://www.bloggingstocks.com/2008/02/08/as-credit-card-delinquencies-rise-consumers-rein-in-spending/http://www.bloggingstocks.com/2008/02/08/as-credit-card-delinquencies-rise-consumers-rein-in-spending/http://www.bloggingstocks.com/2008/02/08/as-credit-card-delinquencies-rise-consumers-rein-in-spending/#commentsFiled under: , ,

In a stat that most likely will surprise few economists, credit card delinquencies are increasing in the U.S. -- a sign that the housing sector slump that has displaced thousands of employees is beginning to exact a toll on revolving credit accounts, The Wall Street Journal (subscription required) reported Friday.

The number of credit card accounts at least 60 days delinquent or that had gone into default increased to 7.6% in December 2007, up from 6.4% in December 2006, according to research compiled by RiskMetrics Group, the Journal reported. Further, Americans had $944 billion in total revolving debt in December 2007, which amounts to a seasonally adjusted annual increase of 2.7%, well below the seasonally adjusted growth rates of 13.7% and 11.1% for November 2007 and October 2007, respectively.

Another bubble: credit cards

Economist Glen Langan told BloggingStocks Friday the credit card sector, like the housing sector, is correcting from an unprecedented -- and unsustainable -- growth period.

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As credit card delinquencies rise, consumers rein-in spending originally appeared on BloggingStocks on Fri, 08 Feb 2008 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banksconsumer spendingcredit cardseconomic growthEconomicGrowthGDPinthenewsretail salesrevolving debtU.S. economyU.s.EconomyFri, 08 Feb 2008 12:40:00 EST