It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
reply to post by MrSpad
I could see this as a sign of the economy. Look what is being dropped and the replacements, they paint a little picture of the economy to me like this:
Technology and manufacturing (raw materials) are losing ground and people are spending a lot of their $ on Nike's so much so that they have been borrowing from Visa to get them.
This could be a sign that Visa is putting a stranglehold on the nation, they are certainly making a lot of money off of those who choose to use it. Bank of America has lost a lot of credibility and people just aren't willing to deal with them as much any more. I know I transferred all ties from them in business and personal accounts. This could be a sign that our manufacturing sector is really shutting down ALCOA is a huge supplier of Aluminum (3rd largest I've read somewhere). Investors are putting more faith in sporting goods than industrial goods. VISA makes a lot from credit card usage and also VISA backed check cards, which I always use as a proper debit card to avoid them making any excess off me.
My point is that we are going downhill if we think America can survive on shrinking manufacturing with a population base that values sports the way they do. In any case, people haven't reigned in their credit card usage and I see this as one more indicator of an economy that is "floating on credit". What happens when people aren't paying off their Visa's before the pair of Nike's wears out? Well, they may still have credit to get more... and Visa is one step closer to owning them.
reply to post by Zaphod58
OK. I thought it was tied into forecasting of who is going to be doing more in the future. Thanks.
I will watch this thread from the sidelines now that you and Spad have cleared that up for me.