February 25: Credit Risk - More Proof of Subprime Spillover Into the Credit Card Sector
Location: New York
Author:
Date: Monday, February 25, 2008
As borrowing in the mortgage market slows, credit card borrowing is accelerating, which is a dangerous trend because borrowers still face weak income growth. This means the credit card market could eventually run into the same problems that now afflict the subprime mortgage market.
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