tag:blogger.com,1999:blog-2761684730989137546.post5526344071945188903..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: David Ruccio — ‘Til debt do us partmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-63268323267247362302017-07-12T08:15:40.718-04:002017-07-12T08:15:40.718-04:00Record profits this quarter :
http://www.cnbc.com...Record profits this quarter :<br /><br />http://www.cnbc.com/2017/07/10/us-companies-will-post-record-profits-this-earnings-season-sp-says.htmlMatt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-43286835954834015902017-07-11T12:15:52.524-04:002017-07-11T12:15:52.524-04:00The bookkeeper at a small ma and pa company where ...The bookkeeper at a small ma and pa company where I worked in the early 80's told me that the company made most of their profit on interest charges on overdue accounts. Their profit margin on regular sales was slim but they were raking it in on interest charges. The customers with bad credit who were always behind on their bills were the most profitable. That stuck with me all these years. <br /><br />I've heard similar claims about the credit departments at Sears, GM, etc.. That's why when you shop at Sears they always try to get you to fill out a credit card application and make your purchase on credit.Dan Lynchhttps://www.blogger.com/profile/11189866002273597534noreply@blogger.com