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Headlines about US credit debt hitting records get all the attention

Headlines about US credit debt hitting records get all the attention

What gets attention in the marketplace of ideas and news is negativity and sensationalism.

What makes money in the marketplace of financial markets is reality.

One of those headlines that's gotten plenty of attention is doomsaying about record US credit card and mortgage debt. But of course, when you're looking at nominal numbers in a 10% inflation economy, everything hits record.

Here's the reality:

Measured as percentages of GDP, mortgage debt nor credit card debt ar... Read More

Posted: Mar 7 2023, 19:46
Author Name: forexlive
Views: 092160

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