The similarities to 1987 keep piling up!

What could be the trigger? What Caused The Black Monday Crash (1987): “Economic growth had slowed while inflation was rearing its head. The strong dollar was putting pressure on U.S. exports. The stock market and economy were diverging for the …

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[New Republic] I Worked at Capital One for Five Years. This Is How We Justified Piling Debt on Poor Customers.

by SurveillanceBalloon I recently read this article written by a former Capital One product manager, and thought this subreddit might find it interesting: https://newrepublic.com/article/155212/worked-capital-one-five-years-justified-piling-debt-poor-customers It’s a pretty quick read, but has a few interesting anecdotes and explanations of things like …

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Eviction notices piling up in Los Angeles

via ktla: With COVID-era protections gone, the number of renters facing eviction in Los Angeles continues to climb by the thousands each month. From February through the end of August, approximately 50,000 eviction notices were filed by landlords in the …

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The similarities to 2008 keep piling up!

#recession … #GFC2 US edition The similarities to 2008 keep piling up! https://t.co/aJtSdrXFJs pic.twitter.com/EL1Y1i91Cm — Invariant Perspective (@InvariantPersp1) July 20, 2023 The Leading Economic Index Declined in June for the 15th Month in a Row, Longest Down Since 2007–08 The …

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