Credit Card Debt In Biden's America - Sign Of Trouble Ahead? - PIC

[GordonXXX]

[OliverHeldens]

This actually corresponds with the increase in money supply since COVID, so it's not currently a reason to be alarmed. But if unemployment starts ticking up, the entire house of cards starts coming down.

[Condo41]

This actually corresponds with the increase in money supply since COVID, so it's not currently a reason to be alarmed. But if unemployment starts ticking up, the entire house of cards starts coming down.

Unemployment is a dogsh*t figure.

[GordonXXX]

Nobody works anymore but they're still spending like drunken sailors using credit cards and the promises of free Biden money. It's not sustainable. Go to any mall during the week and look around.

[V0M1T]

lettece be real tea this is not us normies with that 2-5k card

this is the elite and their 50-100k+ cards

[BigTimeOperator]

what if 100 Million poeple declare chapter 7?

[leoaa777]

Nope everything is fine, nothing to see here…nope nope move along sir

[LuigiMiami631]

Yup, coupled with underwater car loans and mortgages. People going to be roping or on meds.

Tears and blood will be shed.

[TryingMen]

Nobody works anymore but they're still spending like drunken sailors using credit cards and the promises of free Biden money. It's not sustainable. Go to any mall during the week and look around.

grandpa here upset WFH has become a thing and his retirement getting ruined with people having better work/life balance.

You missed out gramps. Hope you had fun slaving away in an office for 40 years always present in your cubicle from 9 to 5

[nutsy54]

This actually corresponds with the increase in money supply since COVID, so it's not currently a reason to be alarmed. But if unemployment starts ticking up, the entire house of cards starts coming down.

"Starts ticking up"? Unemployment has been steadily increasing for 16 months.

[BigTimeOperator]

'Bust Out Fraud' is where people act like good, repsonible consumers at first to build up their credit lines, then max them all out then just quit paying and bankrupt everything.

I imagine there will be a lot of that in coming months.

[OliverHeldens]

Nobody works anymore but they're still spending like drunken sailors using credit cards and the promises of free Biden money. It's not sustainable. Go to any mall during the week and look around.

Employment is way different than it used to be. Think of how many people operate in the gig economy.

[OliverHeldens]

"Starts ticking up"? Unemployment has been steadily increasing for 16 months.

It’s still 3.9% with a lot of people working under the table. That’s not enough to tank the economy

[OffwhiteBrah]

Now lets see the same chart for 10%+ car loans

[ralphlaurenbrah]

Love ridiculously misleading graphs like this that don’t start at 0…

[GordonXXX]

Employment is way different than it used to be. Think of how many people operate in the gig economy.

Bunch of f**king slackers out there pretending to work and doing nothing. Accomplishing nothing. Producing nothing.

Millennials, Zoomers, and Boomers. Worst 3 Generations ever.

[WishIWasJawBrah]

Bunch of f**king slackers out there pretending to work and doing nothing. Accomplishing nothing. Producing nothing.

Millennials, Zoomers, and Boomers. Worst 3 Generations ever.

You never worked either

You inherited and invested

What have you produced?

[KINGFABIAN]

Remember that one time you stubbed your toe on some furniture in your home? DAMN YOU BIDEN!!! It wouldn’t have happened if OJ had his second term!! LeTs go bRanDoN!!!

[monster0ultra]

Remember that one time you stubbed your toe on some furniture in your home? DAMN YOU BIDEN!!! It wouldn’t have happened if OJ had his second term!! LeTs go bRanDoN!!!

I moved into a new construction house a while back and the construction quality was very poor.

I would scream "FUK TRADIES" whenever I encountered the latest bullchit in the house.

An outdoor story is they didn't rope off unfinished sidewalk and I was walking at night once and walked into a puddle of muddy water that I thought was another patch of sidewalk.

[KINGFABIAN]

I moved into a new construction house a while back and the construction quality was very poor.

I would scream "FUK TRADIES" whenever I encountered the latest bullchit in the house.

An outdoor story is they didn't rope off unfinished sidewalk and I was walking at night once and walked into a puddle of muddy water that I thought was another patch of sidewalk.

Biden strikes again!

[crupiea]

Its like being in the great depression but everyone is in denial about it and acting like everything is normal.

Makes you wonder if they did something similar back then.

People whining about the price of restaurants while sitting in the restaurant. Its like they cant put two and two together, When stuff gets expensive, change your buying habits.

[nutsy54]

Love ridiculously misleading graphs like this that don’t start at 0…

You'd have to go back to the first credit card to find a chart that starts at 0...


https://fred.stlouisfed.org/series/RCCCBBALTOT




https://fred.stlouisfed.org/series/QBPBSTASLNINDVCRD

[BullittEV]

Its like being in the great depression but everyone is in denial about it and acting like everything is normal.

Makes you wonder if they did something similar back then.

People whining about the price of restaurants while sitting in the restaurant. Its like they cant put two and two together, When stuff gets expensive, change your buying habits.

And in turn driving down prices as a free market should.

People dont get it.

[GordonXXX]

too much free money and easy credit chasing too few goods = hyperinflation. unsustainable.

[rectifryer]

Its like being in the great depression but everyone is in denial about it and acting like everything is normal.

Makes you wonder if they did something similar back then.

People whining about the price of restaurants while sitting in the restaurant. It's like they cant put two and two together, When stuff gets expensive, change your buying habits.

search google for economic warning signs from 2005 to 2008...its hilariously the same language.

[singlemom69]

lets start a misc credit card company boyos, 10% APR and free reps for life


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