☆ Yσɠƚԋσʂ ☆@lemmy.ml to

news • 3 months ago

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

172

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

news • 3 months ago

The great American boom is finally running out of steam, leaving mountains of debt

www.telegraph.co.uk

High borrowing and low personal savings are dashing hopes of an economic soft landing

Chat

Test_Tickles [he/him]
·
3 months ago
and here i thought the smart money would be on shorting it when it was around $900

link
- Rx_Hawk [he/him]
  ·
  3 months ago
  There are still people saying it could hit $10 trillion market cap, its at 3 right now
  
  link

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