“CC debts have surged as many low income consumers are borrowing??” How does that graph distinguish income? I/we have routinely used CC instead of cash to run our household after the pandemic… and we routinely have 5k balances. We are not the only ones. Discount this graph without further clarification.
great layout of the waters. Thx fir great work.
Great post! I always struggle to reconcile what makes sense in the markets intellectually versus what is actually happening.
Thanks for this. Always love and appreciate the perspective
“CC debts have surged as many low income consumers are borrowing??” How does that graph distinguish income? I/we have routinely used CC instead of cash to run our household after the pandemic… and we routinely have 5k balances. We are not the only ones. Discount this graph without further clarification.