Credit card debt at ALLLLL time highs!!!! Delinquency rates at 13 yr HIGHS !!!!!

Discussion in 'Wall St. News' started by S2007S, Feb 20, 2025.

  1. S2007S

    S2007S

    This is getting really good. Consumers spending spending and spending. Now we have credit card debt in the trillions and only going higher. Delinquency rates at 13 yr highs and we aren't even in a recession, so just imagine when we are, these numbers are astonishing yet not a worry in the world on wallstreet as consumer spending does make up 70% of our GDP. Without the consumer our economy is absolutely worthless!!!!



    Americans' credit card and household debt reach all-time high



    https://www.foxbusiness.com/economy/americans-credit-card-household-debt-reach-all-time-high
     
    semperfrosty likes this.
  2. maxinger

    maxinger


    Stop looking for problems around the whole world.
    Instead look for trading opportunities.
    Let the politicians worry about the record debt.


    Recession is good for the stock market.
    Germany is in recession, and DAX keeps on breaking record high!!!
     
    HawaiianIceberg likes this.
  3. bullish for spy and qqq and especially META
     
  4. Handle123

    Handle123

    Credit cards are great for traveling, over wise leave in safety security box at the bank. Better to use debit card.
     
    beginner66 likes this.
  5. deaddog

    deaddog

    Pay off your cards at the end of the month. Interest free loan!!
     
    Handle123 and birdman like this.
  6. 2rosy

    2rosy

  7. Handle123

    Handle123

    I recall if Dr. Michael Burry used delinquency of personal credit in 2007 but are rates near 2007 ?