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Customers who have been with AMEX for a long time, are now cancelling their credit cards, because they have new limits that they’ve never had before and is affecting their business. Some individuals who have been with them for 20 years, have never had a limit, but now they do. This is a huge red flag for the economy as there may be further insolvencies and losses in consumer discretionary markets. People are struggling and they need help. ##economy##amex
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Customers who have been with AMEX for a long time, are now cancelling their credit cards, because they have new limits that they’ve never had before and is affecting their business. Some individuals who have been with them for 20 years, have never had a limit, but now they do. This is a huge red flag for the economy as there may be further insolvencies and losses in consumer discretionary markets. People are struggling and they need help. ##economy##amex
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