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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: October 28, 2025
Private credit winter
As banks blew up in 2008, they pulled back from high-risk lending. Private equity (PE) funds filled the void, raising capital from investors to buy all manner of companies, while private credit funded the companies that were acquired. Today, some 70–80% … Continue reading
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