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News@lemmy.world · 7 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 · 7 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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ThrowawayOnLemmy@lemmy.world
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7 months ago
I dunno… I started watching Caleb Hammer on youtube and some of the people he’s had on his show make me second guess the state of humanity.
- dezmd@lemmy.worldM
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  Just saw a clip of a $1300 car payment on $3300 income. Floored.

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