Credit card losses are down for major issuers. This bodes well for postal volumes and, as a lagging indicator, it is further confirmation that the economic recovery is well under way. The U.S. Postal Service could use some good news with postal volumes and revenues falling at terrifying rates.
December Was Six Months Past the Bottom
Capital One: delinquencies 5.78% down from 5.87% in November
"Mr. Cavanagh, speaking to the media after the bank reported fourth-quarter earnings, expects a $1 billion loss for credit cards in the first and second quarters."