New York Fed: Total Household Debt Reaches $17.06 Trillion in Q2 2023 (increased by $2.9 trillion since the end of 2019); Credit Card Debt Exceeds $1 Trillion for the first time. The Debt Time Bomb is Ticking…

by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2023Q2 https://www.newyorkfed.org/microeconomics/hhdc.html Wut mean?: Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including …

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The American credit card fiasco has come to an end… revolving credit fell -$600M , the first decline in 2yrs… Shrinking number of Americans can afford a $400 emergency expense …

The American credit card fiasco has come to an end… 🫡 pic.twitter.com/CPOuXQPdXL — Don Johnson (@DonMiami3) August 7, 2023 The decline in revolving credit outstanding suggests Americans may be starting to cut back on credit card usage – BBG notes …

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It’s not a conspiracy anymore… London train station launches world’s first facial recognition security gates The first ever biometric corridor for train travel opened

It's not a conspiracy anymore… London train station launches world's first facial recognition security gates The first ever biometric corridor for train travel opened today in London's Eurostar terminal. The system replaces border checks with a face verification checkpoint that… …

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Calling all brave Democrats! Will the first one step forward to condemn this First Amendment violation? Let’s protect our freedom of speech! #FirstAmendment #FreeSpeech #Democracy”

When will the first brave Democrat step forward to condemn this violation of the First Amendment? https://t.co/3hOKHdRTJT — Rand Paul (@RandPaul) July 28, 2023 WASHINGTON—Facebook removed content related to Covid-19 in response to pressure from the Biden administration, including posts …

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America First Legal Sues Biden’s FBI & DOJ for Illegally Concealing Secretary Mayorkas’s FBI Background Investigation & to compel the immediate release of these public records so that the American people can see the truth about Secretary Mayorkas’s fitness to hold public office.

WASHINGTON, D.C. – Today, America First Legal (AFL) filed a lawsuit against the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ) to compel the release of Secretary Alejandro Mayorkas’s FBI background investigation documents under the Freedom of …

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Shot Through The Heart (Of The Economy)? US Debt UP By Same Amount In Last 4 Years Than It Did In First 221 Years (Minsky Moment When $192 TRILLION In Unfunded Liabilities Hits The Fan

by confoundedinterest17 Shot through the heart (of the economy), and they’re to blame. The Fed and Congress give government a bad name. When I see the faces of Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell, all I think of …

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The markets always know first…

markets / auctions are great at getting people to tell (their version of) the truth a game theorist might call it the 'revelation principle' aka games where players are directly paid to reveal their private information (their truth)https://t.co/yBD1tvQXnf pic.twitter.com/JxY4FvHWiE — …

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