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As Economy Creeps Into Old Age, Amazon's Bank Bets on Buyers With Bad Credit

Bradley Keoun

On the lips of Wall Street analysts, a new expression is taking hold as speculation mounts that the U.S. economy might be slowing down: the "late-cycle" trade. It's a jargony way of describing a simple concept: Investors can make fast money by betting on companies with high-risk strategies if the current economic cycle extends its 10-year-old expansion, already tied for the longest in U.S. history. to provide credit cards to shoppers with poor credit histories.