So far, core has been held down by auto pricing and corporate willingness to hold prices and margins down in the U.S. The coming slowdown in profit growth may cause multi-nationals to push through U.S. price increases.
She wants some tough changes and is trying to push these reforms through a non-profit group called the Systemic Risk Council, which is backed by the Pew Charitable Trusts.
The aggressive expansion means that Fab has to push out its previous target of turning a profit in its U.S. business this year, with European operations going into the black in 2014.
Not from the amount of money that people push back and forth to each other, but some bite of the gross profit that people are making from pushing the money back and forth.