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?

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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?

h/t Simian_Stacker

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