MasterCard Is Feeling No Pain
"The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice."
Aristotle
MasterCard's profit more than doubled in the first quarter of 2008 as more customers outside the United States used their credit and debit cards for purchases.
Card use outside the United States surged faster than in the U.S., with gross dollar volume soaring 30 percent to $352 billion. Regions such as Latin America, South Asia, the Middle East and Africa saw particularly significant growth.
I wonder if investing in credit card companies is a good recession-proof stragey?
Labels: Credit Cards, Debt, MasterCard
Posted By: Joe on Wednesday, May 14, 2008
PermaLink | 0 comments | Click to Comment
Share this
0 Comments:
Post a Comment
<< Home