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Cory’s Chart Corner
Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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Daily Archives: July 17, 2008
World leaders are starting to panic
Fear about soaring inflation and plunging growth are becoming increasingly palpable in world leaders both in business and politics. Today the Bank of England's new chief economist Spencer Dale warned that the UK is facing its toughest economic prospects in … Continue reading
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The next leg down: borrowers with good credit now defaulting
Over the past 36 hours, equity markets have been staging yet another relief rally. Days and even weeks of counter-trend rally are typical within on-going bear markets such as the present cycle. Bear markets typically grind investors down in fits … Continue reading
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