https://www.youtube.com/watch?v=hDQunoS96X4
negative growth rate is technically a recession but we never left the last recession of the Pandemic due to inflation from "debt deflation" of the FED.
Credit card debt saw the largest increase among all categories, jumping by $45 billion to reach $1.21 trillion. Auto loans, which now stand at $1.66 trillion, are showing troubling signs with elevated delinquency rates across all credit scores and income brackets.
The 2009 Nilson Report states for all who carry credit cards, the average balance is a whopping $9,700. .
The researcher was reportedly then accused of writings “that reflect hatred toward Trump and can be described as terrorism”.
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