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Stock impact report

For The First Time, Americans More Likely To Pay Their Cell Phone Bill Over Car Loan [zero hedge]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: zero hedge
American consumers are now more likely to pay off their cell phone bill than their auto loan, a new report by PeerIQ has found. However, instead of focusing on this as a potential catalyst for more pain in the already precarious world of auto loans, the media, always the finder of silver linings, is emphasizing how this finding will boost demand for securities that are backed by cell phone purchases going forward. Yes, Cell-Phone Backed lines of credit are coming to a Goldman Sachs retail branch near you. From Bloomberg:U.S. consumers are more devoted to their mobile phones than their automobiles.The sea change has taken place over the last few years as mobile devices become an integral tool not just for communication with loved ones or employers, but also everything from banking to dating to watching TV and listening to music. As cars grow relatively less important, borrowers struggling to pay back their loans on time are increasingly prioritizing payments on the latest iPhone instea Show less Read more
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