
The "Protect the Pile" podcast analyzes current market dynamics, focusing on the credit card and payments landscape amidst broader economic trends. It highlights the slowing of inflation, easier comps, and tax-related tailwinds impacting market growth, suggesting potential risks in 2027 after a supportive period leading up to the midterm elections. The discussion covers the potential impact of Trump's proposed 10% cap on credit card interest rates and the Credit Card Competition Act, with concerns about deactivating credit cards and curtailing rewards programs. Josh Steiner and Drago Malesevic weigh in on the complexities of financial innovation, stable coins, and the balance between fintech disruption and established banking systems, questioning the efficacy and unintended consequences of sweeping regulations in the financial sector.
Sign in to continue reading, translating and more.
Continue