Quote Originally Posted by Jay&Zobel View Post
It's the purchasing power feeling you see... In the PI it is quite very new. People feel "different" when using their Plastic moneys, as if "Hey, look I have a Plastic Card I am rich, I am "in!" " type style thing... But the truth is, it is rather scary if they don't know how to use it sensibly/pay it before it's due...
Quote Originally Posted by somebody View Post
With the west cracking down who can see like me the credit companies moving in on Asia and the "developing world" (rather the overdeveloped and kanckered world ala uk and us) Like all the other mutli nationals have as the west clamp down on their practises.

In the US new laws have it looks made whats likely to dent profits for the credit card companies and plenty more laws will come along.

The phillipines goverment and others will with open arms welcome the large finace companies and all the money and "investment" they bring. There will be a mini boom posssibly quite a large one then a lot of sorrow
I so agree with you! And not long. PI will be in recession too! (or is it already)

People are just so excited being so westernized... (not thinking what lies ahead...) Really scary...