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Livin’ On A Prayer … And Credit! US Consumer Debt Hits $17.3 TRILLION As Credit Card Delinquency Growth Highest Since Covid Lockdown (UMich Inflation Expectations SOAR To Highest Since 2011!)
Confounded Interest ^
| 11/10/2023
| Anthony B. Sanders
Posted on 11/10/2023 9:40:20 AM PST by Kaiser8408a
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To: Kaiser8408a
2
posted on
11/10/2023 9:41:18 AM PST
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
To: Kaiser8408a
Such an unfathomable amount of money.
Well, when you owe a thousand dollars you are in trouble.
When you owe a trillion, your lenders are in trouble.
3
posted on
11/10/2023 9:42:47 AM PST
by
Persevero
(You cannot comply your way out of tyranny. )
To: Kaiser8408a
I was wondering where everybody was getting their money from. All the poor, unemployed people here shop all day and eat all their meals at restaurants. They all drive Mercedes, Jaguars, BMWs, Maseratis, and other European rides. They sure got me beat.
4
posted on
11/10/2023 9:46:41 AM PST
by
FlingWingFlyer
('Build Back Better' is a Bidenskyyyyyyism for 'we gotta get rid of all dem white peoples'.)
To: Persevero
When you owe a trillion, your lenders are in trouble. We should never forget that China owes American bondholders over $1.5 trillion in unpaid Chinese treasury debt that China hasn't made payments on since they became communist.
I'll never understand why China has a credit rating above Biden diaper status.
5
posted on
11/10/2023 9:47:58 AM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Kaiser8408a
Was hoping to see a dollar figure on credit card delinquency, but only saw a graph based on baseline information.
It is no doubt a large #
6
posted on
11/10/2023 9:58:52 AM PST
by
Migraine
To: Kaiser8408a
We are still among the wealthiest peoples on earth yet still live beyond our means. Have we created a culture that cannot live without excessive credit card debt? Biden may have created problems but we are sorely lacking in families understanding personal finance. No savings? No emergency funds? No budgeting, just spend.
7
posted on
11/10/2023 10:21:38 AM PST
by
Raycpa
To: Kaiser8408a
The National Debt is nearly twice this personal debt. 33 Trillion dollars. The Interest on this debt has now gone over a Trillion dollars. I can still remember when the entire federal budget was under a Trillion.
8
posted on
11/10/2023 10:31:18 AM PST
by
Nateman
(If Mohammad was not the Anti Christ Mad Moe definitely comes in as a Strong second.)
To: rktman
If the government can do it, so can I.
9
posted on
11/10/2023 10:32:57 AM PST
by
BipolarBob
(My terrorist policy is Pro Death.)
To: All
From the article:
What is worriesome in the transition rates (like current to 90-days delinquent) Credit cards (blue) and auto loans (red).
I've been listening to some auto podcasts. There could be some trouble for subprime auto lending. For a year or 2 dealers were adding "market adjustments" on top of MSRP for new cars. Used car prices were inflated as well. Prices are starting to fall and many of those people will have their loans under water..
10
posted on
11/10/2023 10:54:14 AM PST
by
EVO X
( )
To: Kaiser8408a
“HAHAHA. Your side of the boat is sinking.”
11
posted on
11/10/2023 10:55:29 AM PST
by
Organic Panic
(Democrats. Memories as short as Joe Biden's eyes)
To: Raycpa
12
posted on
11/10/2023 11:06:07 AM PST
by
griswold3
(I cannot change the Tide but I can learn to Sail)
To: Nateman
... The Interest on this debt has now gone over a Trillion dollars....Just heard that a couple of days ago. Shocked is a word over used, but I was seriously shocked.
To: BipolarBob
14
posted on
11/10/2023 12:19:38 PM PST
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
To: Kaiser8408a
"Then we have commercial real estate delinquencies are now the highest the have been since 2013."
15
posted on
11/10/2023 12:23:32 PM PST
by
clearcarbon
(Fraudulent elections have consequences.)
To: Tell It Right
and then there’s the $850 billion-plus of U.S. Treasury’s owned by China...
16
posted on
11/10/2023 12:28:25 PM PST
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
To: Chode
and then there’s the $850 billion-plus of U.S. Treasury’s owned by China True that. But the difference between us and them is the U.S. makes payments on their treasuries, but China hasn't made payments on their $1.5 trillion in treasuries they owe us.
17
posted on
11/10/2023 12:29:59 PM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Tell It Right
i mean use it as leverage...
18
posted on
11/10/2023 12:31:11 PM PST
by
Chode
(there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
To: Chode
Unfortunately that won't happen. That's because China doesn't owe the U.S. govt -- it owes American citizens (heirs of the original bond buyers).
The Americans who owe Chinese treasuries did ask Trump to consider them when he was pressuring China to end their tariffs against us. But I don't think anything came from it.
19
posted on
11/10/2023 12:35:10 PM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: Kaiser8408a
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