Consumers face challenges.
If banks borrow short and lend long, then a large % of their payments dries up, how do they pay back their lenders in full?
(they don't)
That eventuality is only growing larger: pic.twitter.com/N96oHRwUBG
— Joe Consorti ⚡ (@JoeConsorti) July 13, 2023
University of Michigan consumer sentiment is levels last seen during:
– 2008 Financial Crisis
– 2011 Debt Crisis pic.twitter.com/DA4rQpdO6S— Game of Trades (@GameofTrades_) July 14, 2023
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