Credit cards, a hammer or a sickle?
We have received some requests to discuss credit cards. We are not surprised as these plastics have become ubiquitous to a growing segment of our people. There have been around 7 million cards issued, with roughly 1.5 or so cards per person. We could not resist the pun and put up the title above. We could force an analogy in the sense that just like any kind of debt, a credit card could be a hammer to build or it could be a sickle to cut and deconstruct.
July 30, 2013
