All the talk, talk, talk, about Central Banks “saving” the economy and consumers getting stronger and “taper isn’t tighter”…one might easily get the impression that consumer spending constraints have been loosening the past year. And yet incomes have continued to stagnate, savings are stuck near nil, debt levels remain peaked and daily consumption (food, gas, borrowing costs) have all spiked higher once more on QE’ternity. Gee with “help” like this, who needs enemies?

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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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