Soon, we will receive updated debt numbers for Q1 2023.
It is expected that credit card debt will cross $1 trillion for the first time in history.
Meanwhile, Americans are "fighting" inflation with debt as rates are rising.
Follow us @KobeissiLetter for more as this develops.
— The Kobeissi Letter (@KobeissiLetter) April 3, 2023
The consumer is TAPPED OUT.
It is no longer a question of more credit. It is a question of how long these in debt to their eye balls can even service the debt!
AC