About Robert Williams
Robert Williams, a veteran commodities trader, is the Editorial Director for The Oxford Club, and is a regular contributor to Money Morning.
All entries by Robert Williams
Two Ways to Profit From the Looming Credit Card Squeeze
Apr 9th, 2008 | By Robert Williams | Category: ETFsLate credit card payments and outright defaults have soared in recent weeks. The most recent data says that “dead” balances written-off as uncollectible by banks have jumped 24% from a year ago. Late payments are up 16%. Can this be linked to the subprime mortgage meltdown? Our research says it is.