Highest balances ever, highest increase ever, the Joe Biden economic wonder continues apace :biden-troll:
The figures suggests Americans’ are starting to rely more on credit as savings built up on the back of government pandemic-relief funding dries up. Bloomberg Economics estimates that households earning less than $90,000 a year will have exhausted their financial cushions by February.
:doomer:
This is obviously yet another perfect equilibrium in a self regulating market. As long as credit never contracts or crunches we will never experience a financial crisis. Everyone, just take a little more debt every day so the profit machine doesn't slow slightly or you'll lose your job and won't be able to pay your debts.