Total U.S. consumer credit in November exceeded $5 trillion. Federal Reserve data highlights a 5.7% annual surge, primarily propelled by revolving credit, but the landscape isn't without challenges as interest rates on new car loans and personal loans persistently rise.
54 sats \ 1 reply \ @TNStacker 9 Jan
Welcome to the debt bubble! And remember the U. S. dollar is debt by definition.
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43 sats \ 0 replies \ @TomK OP 9 Jan
... and dead by fate
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0 sats \ 1 reply \ @Fabs 9 Jan
Hot take; Taking up debt to exchange it for hard assets (Bitcoin, ofcourse, let's not fool ourselves here) is OK.
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0 sats \ 0 replies \ @TomK OP 9 Jan
And then run for the hills
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0 sats \ 1 reply \ @SpaceHodler 9 Jan
What would this chart look like if divided by M2?
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0 sats \ 0 replies \ @TomK OP 9 Jan
I'm not sure if it leads anywhere as this credit is part of M
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