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Citicorp CFO Mark Mason is speaking on the state of banking and with it the economy.
He says:
- Feels good about consumer corporate balance sheets
- Expect a soft landing with the decline in rates consumer payment rates are coming down
- Have seen a pickup and revolving credit and credit card customers
- Credit card customers are moving from discretionary to spending on Staples
This article was written by Greg Michalowski at www.forexlive.com.
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