politics @lemmy.worldEnglish · 5 months ago

The great American boom is finally running out of steam, leaving mountains of debt

www.telegraph.co.uk

cross-posted to:
usa@lemmy.ml

The great American boom is finally running out of steam, leaving mountains of debt

www.telegraph.co.uk

anticolonialist@lemmy.world to

politics @lemmy.worldEnglish · 5 months ago

cross-posted to:
usa@lemmy.ml

High borrowing and low personal savings are dashing hopes of an economic soft landing

Link without paywall

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

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voracitude@lemmy.world
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5 months ago
So is it Germany, or Iceland?

https://lemmy.world/comment/10566048
- mad_asshatter@lemmy.world
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  5 months ago
  Yes.

politics @lemmy.world

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