Credit card debt reaches $1 trillion with high interest rates, while car and housing affordability reach record lows. Government faces significant deficit.
Winning '23 style:
Credit card debt at a record $1 trillion w/ the highest interest rates ever.
Car affordability at all time lows.
Housing affordability at 37 year lows.
But no recession cause the government is blowing a massive deficit.
The future is bright cause it's on fire. pic.twitter.com/fQrV0CqyDf— Sven Henrich (@NorthmanTrader) August 6, 2023
MASSIVE BANKRUPTCIES & DEBT pic.twitter.com/vJaGR5ts6x
— Win Smart, CFA (@WinfieldSmart) July 30, 2023
WELCOME TO 2008 IN CREDIT CARD 💳
DELINQUENCY 👇 pic.twitter.com/wn2LTQqLrB— Win Smart, CFA (@WinfieldSmart) July 20, 2023
US 30-Year Mortgage Rates Hit A 23-Year High, Raising Concerns
According to data, the 30-Year fixed-rate mortgage reached 7.39% on Thursday, the highest rate since November 2000.
This increase was driven by a surge in US Treasury yields. A flood of new US Govt debt is being… pic.twitter.com/wvJTgmAGwf
— Wall Street Silver (@WallStreetSilv) August 6, 2023