People running out of real money wasn’t enough to start the recession. Wonder what happens when everyone runs out of fake money too.

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U.S. credit card debt jumps 18.5% and hits a record $930.6 billion


See also  'VIX is at 16 because people are buying calls on stocks, not puts. Basically everyone is bearish on treasuries and bullish on stocks, a reversal would be violent.'

Rising number of people tapped their 401(k)s last year amid economic strain, “Inflation-adjusted wages have been falling — meaning that workers have less purchasing power than a year ago. Median weekly real earnings have actually fallen by 3.4% since the start of 2021, according to data from the Bureau of Labor Statistics.”

US Employers Announced More Than 100,000 Job Cuts in January


h/t Haunting-Meringue330


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