With the prime rate increasing the credit card companies have seen increased earnings. Most of the cards have a very high rate tied to prime.
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I mean yes but it seems to me they're trying to up their card holder's balances which feels like they're looking for "free" cash (for want of a better term) in a relatively small window.
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Your theory is that they have a liquidity crunch do they are adding credit card loans? If so, the logic seems flawed to me. If they have a liquidity crunch, they will not aggressively seek loans without securing additional or corresponding funding.
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Maybe not a simple liquidity crunch but it seems like they're trying to oomph non-mortgage related consumer debt income.

Further, they're targeting people with exisiting accounts and not necessarily increasing the amount of total revolving debt.

I have a notion they're looking for more income without changing their balance sheet as it matters to ensuring their RoE / RoA isn't drastically impacted as it pertains to Federal regs... if those even matter I guess since they're so fucking big.
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It might be a new model for them. A lot of them have stopped offering 12 months interest free as people have been taking advantage of the offer then switching to a new 12 month interest free card 12 months later.
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UGH

Someone gave me cause to go check out Ubiquitis networking products today...very cool shit.

Then I remembered...wait...didn't you BUY THEIR STOCK?

Went into my e-mail and realized yup...you did...five years ago...at $45/share.

Sold it at $44 and now it's at $145.

:-)
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LOL Damn the devil. Damn the devil to hell.
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I'm pretty sure that was when I decided to get out of stocks and just dump everything in that account into an ETF....which did well enough....

...but it'd be nicer to have an extra $40,000 laying around
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Well, if that's what you did, it was the right move. Regardless of the outcome. That's the approach we must take or those kind of losses will fucking destroy you as an investor.
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well....I no longer hold that ETF

because you know....well....how do i say this

i have a low iq
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Happens to the best of us. Doesn't change the fact that the dumping the Ubiquitis stock for the ETF.

Now the decision to dump the ETF was a bad move.

We work on fixing our mistakes.

Keep moving forward.
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That's going to be the same result if you sell IQ when you get within 15% of your purchase price.
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Chinese stocks are all taking a small hit today.
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I don't know how it really is long term. It has two other competitors. The market is finite.
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If you compare it to Netflix right now IQ is by far the better value. It also has more room for growth. The Chinese stock market appears undervalued right now and they have plenty of workforce available for major growth.
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