Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor2 who wrote (7405)	10/25/1997 7:45:00 PM
From: Joan Osland Graffius	Read Replies (1) of 94695

Hi I2, >>All of the investors in the credit card companies loose much or all of their investments. What happens next? Is this remotely possible? Anything is possible. I would assume as interest rates increase the credit card holders will cut down on purchases. I also assume the companies that own credit card businesses will notice these imbalances and take some action. Even I could write an intelligent application to sense this problem in real time.:-) In the past we have seen credit card interest rates as high as 21 percent so the public seems to be willing to borrow at very high rates for immediate gratification. Joan

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