Posted on 05/29/2024 1:17:55 PM PDT by RomanSoldier19
Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlighted that consumer delinquencies are among the most worrisome economic indicators currently being monitored. His concerns now appear prescient as new data reveal a significant uptick in delinquency rates in the first quarter of 2024.
"If the delinquency rate of consumer loans starts rising, that is often a leading indicator that things are about to get worse," Goolsbee stated.
(Excerpt) Read more at finance.yahoo.com ...
What?? Brandon keeps assuring us it's the best economy ever!
Time to print another trillion for giveaways to Leftist constituencies.
The collective debt will never be repaid.
Once the debtors understand that money is created by their enslavement, the system will fall.
That sentence makes zero sense. It explodes in mid-thought.
“Austan Goolsbee, President of the Chicago Federal Reserve Bank”
I remember this Obama butt licker “economist” from his time on Fox News way back when I watched Fox. And we are supposed to believe he works in a non political bias setting monetary policy? Scumbag.
People can only finance inflation with their credit/savings for so long.
The FED has said repeatedly, and clearly, that they have to break some eggs.
For some reason some folks don’t believe them.
But I thought we had the best economy in 30 years under Biden? We are printing money like crazy, we won’t run out anytime soon...
.
Q: If a person can walk into a store and take up to $900 of goods and only get a slap on the wrist; why can’t a person walk away from a $900 credit card bill?
Also if I limit my purchases to less than $900 per store; why can’t I walk away from a $9,000 credit card bill?
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