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

submitted by magnora7 from lendingtree.com

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[–]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)