Most people are broke and they can’t borrow… US household debt reached a record $17.1 trillion despite of rising credit rejections, driven by a desire to combat inflation.

Despite credit rejections rising, debt levels are skyrocketing. Total US household debt just hit a record $17.1 trillion and is expected to rise again this quarter. People are using debt to "fight" inflation. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 11, 2023 At a time when …

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‘When you’re Left-leaning you just have to want something badly enough for it to happen i.e. the laws of economics are nonsense. Simply legislate the result you desire. What could be easier!’

When you're Left-leaning you just have to want something badly enough for it to happen i.e. the laws of economics are nonsense. Simply legislate the result you desire. What could be easier! — TheLege (@TheLege2) June 18, 2023 JUST IN – Swiss voters agree to "net-zero" carbon law, a 15% tax rate for multinationals, and …

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