I wish this was noteworthy, but it's a paltry sum. The thing that's noteworthy is that the banks are clear that people can't pay their bills. I wish we could get that data plotted on a chart over time and see what's happening to people in the USA at least monthly. With the commercial real estate sector being just a massive loss and most job creation being low wage, and more people in the gig economy with multiple jobs, and credit card debt rising, and medical debt rising, and boomerang sanctions, it's only a matter of time before the working class breaks.
this post was submitted on 28 Apr 2024
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Yeah, the direction of travel is not great.
It's okay, we can guard against this by bundling large amounts of high risk debts and use them to back securities
Is this the beginning of households breaking under the taking credit with increased interest rates? I wonder what that would mean over the next couple of years?
The economy is overdue for a recession. I don’t mean that facetiously, we’ve been in a growth stage since 2009.
Of course that’s all in the capitalistic framework, if we didn’t have the need for unfettered growth, recessions wouldn’t be needed either.
What would a recession with inflation look like? They look hesitant to lower rates like they did in 2008.
I have a very basic understanding of economics, but recession would definitely reduce inflation.
I think the real issue is that the "economy" and markets are so disconnected from the reality of the everyday American. Wealth inequality was already bad in 2008, but its only gotten exponentially worse. Who cares if the stock market is good and GDP growth is steady if none of that value is making its way to the workers' pockets. Shit is bad out here but the market movers fail to see that.
Hundos are the new twenty.
So we're Japan then, where you have a new high sounding number as the new normal price.
Given that most people are living paycheck to paycheck, that means they're simply not able to absorb continued increase in cost of living. Meanwhile, we see inflation keep climbing while salaries are stagnant. Something will definitely have to give here.
https://fortune.com/2024/02/01/emergency-1000-expense-most-americans-broke-debt-bankrate/
pg&e announced they'll be trying to curb their planned annual electricity and gas price increases to under 5% from the current nearly 20% over the past two years
STAGFLATION TIME BABY VOLCKER SHOCK INCOMING 
i guess commercial real estate debt hasnt started hitting the fan yet huh
Why's Benjamin Franklin on a 1 dollar bill
Jk it's because it's AI generated probably. There's a 100 next to the 1 lol
Yeah it's an "AI" image.
The other text is nonsense as well just with familiar shapes and textures.
OP’s “source” is a cryptocurrency news site what do you expect
You could buy almost 10 twitters with that kind of money
Another crack in the foundation forms
