The recession starts when households can’t borrow anymore… or even pay the interest on their existing loans.
#recession … #GFC2 US #Consumer #Debt #Bubble edition The recession starts when #households can't borrow anymore… or even pay the interest on their existing #loans. 👇 https://t.co/PBcJfFFVVz pic.twitter.com/xJseRrdqLs — Invariant Perspective (@InvariantPersp1) May 31, 2022 U.S. Household Saving Rate Vanishes …