by ihpalash
I urge everyone to read this article carefully.
www.lendingtree.com/credit-cards/credit-card-debt-statistics/
More people are using their credit cards, to fight inflation. Put their income is not enough to live by. So they racking up credit card debt,
People are using debt to buy simple stuff like food and shit.
Reference:
www.nerdwallet.com/blog/average-credit-card-debt-household/
www.creditcards.com/statistics/credit-card-delinquency-statistics-1276/
I might be very early. But I am seeing a trend like 2008 here.
Play: Shorting / Put options for the following companies:
American Express
Discover
Paypal
Visa
Capital one financial
Mastercard
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.