Consumer debt hits $4 trillion — a record high

Graph by itself doesn’t say much except for the loss of ground of revolving securitized assets post financial crisis

This is a bad indicator

Sooner or later you run out of plastic.

You could stick that arrow anywhere on the chart and it would always be a new high. Alarmist.

I renounce this debt and any other incurred by the United States of America. There is no legal claim on me or my family in regards to this debt.

Some accurate reporting for once.

What about the National Debt of 22,028,881,490,539.35?

fed has done a great job containing 'inflation' APompliano

It's the American Way of life.

All that QE had to go somewhere.

WooHoo! Another first!

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Source: latimes - 🏆 11. / 82 Read more »