Unless I misread and I dont think I did, i read that credit card debt reached its highest amount in over 25 years. That would explain why the consumer is still strong. I dont think that means they are strong though. That tells me they are living on borrowed time and if they get laid off, you will see a spike in bankruptcies.
Credit Card debt highest in 25 years ?
- Thread starter Innervoice
- Start date
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The usual suspects/ northern states like NJ , AK have the most\
redneck states , many of them LOL have the least MS,KY, ID, SD.................. I don't mean redneck in a negative sense, like Dave Ramsey says ''I'm a redneck''
[source Lending Tree+ Dave redneck Ramsey] Looks like student debt went a up a lot again/ post election /LOL + courts smack down.......................................
Fed chart show cc debt up from 2008.
Mortgage debt chart down\ may come down some more\ I see more travel trailers+ smaller homes, on average.
The usual suspects/ northern states like NJ , AK have the most\
redneck states , many of them LOL have the least MS,KY, ID, SD.................. I don't mean redneck in a negative sense, like Dave Ramsey says ''I'm a redneck''
[source Lending Tree+ Dave redneck Ramsey] Looks like student debt went a up a lot again/ post election /LOL + courts smack down.......................................Fed chart show cc debt up from 2008.
Mortgage debt chart down\ may come down some more\ I see more travel trailers+ smaller homes, on average.
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NO wonder\
LOL, no such thing as luck.
John Henry , trend-follower, noted ''what you call luck, i call a small sample ''.................................................................