It doesn’t bode well for many.
I also hear many are charging up debt with zero intention to pay a penny back.
I expect serious economic issues to occur sooner than later in banking.
Interesting times.
I also hear many are charging up debt with zero intention to pay a penny back.
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I see an opportunity for the Dems to buy Gen Z votes with another bailout. This time it’ll be credit card debt as opposed to student loans.
I can’t specify how, but I suspect a large part of what’s wrong with corporate America has to do with debt. National, state, corporate, banking, personal. All have too much debt and dealing with it is sucking up wealth & energies that should be directed to sensible, profitable endeavors.