Credit card rates are now higher than they were at the peak of the last cycle despite CC lending standards is now the highest since 2008 great financial crisis

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I wonder what this graph would look like if personal loans and line of credit were added to it…it’s getting scary folks. Ultimately, the populous thought 0% interest rates were here to stay forever.

h/t KK

See also  Federal Reserve’s plan is to raise rates and QT aggressively, crash the market, then step in and ease when inflation is down to prevent a 1929 type of depression. Don’t fight the FED.
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