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Imagine that, people still have to spend money to live.
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The Broad, Continuing Rise in Delinquent U.S. Credit Card Debt Revisited
The share of Americans late on credit card payments and the share of debt that’s past due continue rising widely, but growth in delinquency rates has slowed since early 2024.www.stlouisfed.org
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Of course, and things were stellar during Trump's first term as well.
point being I made that post about consumer spending at all time high is because the lying leftist media is again today spreading their doom and gloom again trying to scare people....quoting soft corrupt data from U of M instead of giving hard factual data. Then there has been the narrative from the left but but but Trump raised tarriffs which will cause prices to go skyhigh causing inflation and people will quit spending money...Imagine that, people still have to spend money to live.
View attachment 742416
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The Broad, Continuing Rise in Delinquent U.S. Credit Card Debt Revisited
The share of Americans late on credit card payments and the share of debt that’s past due continue rising widely, but growth in delinquency rates has slowed since early 2024.www.stlouisfed.org
if you go way back, the world would cease to exist in 1995 due to “climate change”.it says Wakmart will raise SOME prices meaning prices will not increase on everything Walmart sells.
when Trump was elected the left claimed Trump was going to cause inflation, then said Trump will crash the stock market, then Trump will crash the bond market, then Trump will cause stagflation.....is it getting embarrassing yet for the left on how Trump proves them wrong time and time again? The left would love to see the country fail just to complain about Trump.
No I was laughing at you being a broken record. The Fed much like Social Security won’t ever be dismantled. I’ve posted that I’d like my money back out of social security however I realize it will never happen. You’re an open book ham sammich that’s all
Again I didn’t say you were wrong. I was laughing at you being you is all. Yes I agree they don’t maintain their apolitical mandate.While you may be correct and the Fed will last up until the day it drives us into financial ruin and the country as we know it collapses it doesn't mean I'm wrong. The Federal Reserve needs to be abolished. Their record just since 2009 proves that it is far from a non political independent organization.
he is obviously exerting his influence right now,...housing market is slow and need rate cuts....no reason for rates not to be cut. Again 2% was the Feds goal and it's below 2% now and no cuts...Fed playing politics. Other countries have cut rates.Sure he does. But he cannot unilaterally change interest rates. You know… like your post implied?