Quote:
Originally Posted by 2MuchMark
Acepimp, OneHungLo and The Squeeler:
No one here is qualified to rebut the findings at https://www.newyorkfed.org/medialibr...HDC_2018Q4.pdf
And bringing in anyone else into this conversation such as Hillary Clinton, or posting memes about the Job rate etc, do not serve to answer the question. I know its fun to post this kind of thing, but its boring and just creates noise.
And if you do not agree with the findings, just for now pretend that they are accurate.
What do you think is the root cause of the problem and how could it be fixed? Be Bestesteseses. |
They aren't capable of correlating the fact that credit inquiries have gone down, lending has gone down, and debt has skyrocketed to a record high.
Household net worth crashes - record low since financial crisis $3.7 trillion lost
Translation: fewer people are being accepted for credit cards & loans more people are delinquent & defaulting on their credit cards & loans and they're charging more on the cards & keeping a higher balance.
You would think that of all people Trump supporters would want to have an honest discussion about economics but unfortunately they're in denial and playing team sports.
And when things do crash Trump supporters will say it was expected no big deal nothing to do with Trump.