Credit Card Bombshell: You Won’t Believe What Credit Card Companies Are About to Do

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00:00 – Introduction and show’s overview discussed.
00:27 – Record average credit card interest rates outlined.
01:26 – Central Bank’s reaction to rising credit card rates explained.
02:23 – Further increase in credit card interest rates reported.
03:20 – Shift in consumer behavior towards increased credit card repayments.
04:19 – Potential repercussions of rate increase considered.
05:15 – Overview of FED’s primary policy tool: the federal funds rate.
06:12 – Impact of student loan repayment timing and rate hikes examined.
07:09 – Link between Consumer Price Index and unemployment claims studied.
08:09 – Initial fallout seen in restaurant industry slowdown.
09:31 – Possible Fed response to fallout, including potential negative rates.
10:04 – FedEx’s report of third consecutive quarterly revenue drop discussed.
11:09 – FedEx’s underperformance as a potential indicator of market decline.
12:05 – Introduction to Cult Food Science’s animal-free product development.
13:02 – Planned 2023 launch of Cult Food Science’s NuCheese.
14:29 – Cult Food Science’s stock losing momentum.
15:25 – Proposed strategy for trading Cult Food Science’s stock.

h/t @StampsbyK

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