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News@lemmy.world · 11 months ago

'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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News@lemmy.world · 11 months ago

As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.

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11 months ago
Credit card bailout coming in 5… 4… 3…
- imPastaSyndrome@lemm.ee
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  Bailing out the credit card companies but not the people, of course

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