Yellen the Felon calls consumers binging on credit evidence of a “strong economy.” What happens when tapped-out Murican debt donkeys start defaulting on their soaring credit card bills?

🤣🤣🤣🤣🤣🤣🤣 https://t.co/oxH5lDpA4H

— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) June 8, 2023

US credit card delinquency rates are currently at "normal" 2019 levels but there are some ominous signs for the consumer credit market.

Are we going to see a "newly prime" lending crisis this time? pic.twitter.com/i2xDXpNY3Y

— Boaz (@sobradob) June 1, 2023

Credit Card Debt Keep Surging Even As Interest Rates Hit Record High https://t.co/xLpLsDCBRQ

— zerohedge (@zerohedge) June 7, 2023

We have had nearly 2 years of inflation at 5%+.

Average new car payment is now $800/month.

Gas prices are up 80% over the last 3 years.

30-year mortgage interest rates are at 7%+.

Credit card debt is at a record $1 trillion.

Have people accepted inflation as the new normal?

We have had nearly 2 years of inflation at 5%+.

Average new car payment is now $800/month.

Gas prices are up 80% over the last 3 years.

30-year mortgage interest rates are at 7%+.

Credit card debt is at a record $1 trillion.

Have people accepted inflation as the new normal?

— The Kobeissi Letter (@KobeissiLetter) June 9, 2023

h/t Simian_Stacker