"It seems pretty easy, at the end of the day it all boils down to trust. The cardholder and the merchant have to trust that Visa will be able to switch their transaction. And that is for all points, everywhere in the world. The network is capable of handling 65 thousand transaction messages a second. … Continue reading The Swipe Hype
"The stock ended the session up five and a half percent after they announced they have "decided not to provide further financial support with respect to its investment in Tiger Branded Consumer Goods plc of Nigeria. Tiger Brands is currently exploring various alternatives with respect to its shareholding in Tiger Branded Consumer Goods plc." … Continue reading Tiger mulls and mills Nigeria
"Looking back there has not been hyper inflation, barely any inflation for that matter. When monetary policy is out of sink with the real economy, the normal effect is high inflation. The argument can be made that this lack of inflation points to the FED and interest rate being inline with the fundamental forces of … Continue reading Interested in Interest Rates?
"Two of the big oil companies reported numbers on Friday. The lower oil price has been telling with Exxon Mobil's revenue dropping 33.4% YoY and their EPS dropping 51%! Chevron's revenue dropped to $40 billion from $57 billion the same time last year but their EPS was down a staggering 89.9%!" To market to market … Continue reading Oil Spoil