Graph of total US credit card debt, notice the spike over the last few months?

submitted by magnora7 from lendingtree.com

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]Alphix 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Except this time the commercial real estate sector is also in dire straits, due to companies downsizing their total area occupied.

[–]magnora7[S] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (0 children)

Yes I saw something about a $1.5 trillion debt wave coming due on commercial real estate.

I heard McDonalds just sold their headquarters buildings and lowered their minimum wage. There's a lot of businesses having to downsize now with money being so hard to get thanks to federal reserve rate raises (which they need to do to curb the inflation they created during covid and due to the ongoing petrodollar collapse)

[–]Musky 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Which is used to back deposits at banks.... it is highly troubling, although also why I'm betting on banking stocks.

[–]Alphix 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Wait, no, bet AGAINST them. Or bet against the USD by buying gold and silver!

[–]Musky 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I have gold and silver investments as well. It's smart to diversify, hedge your bets.