We are reaching peak debt.
The ability to finance big ticket items like houses and cars has allowed folks to live the American dream ( even when they couldn’t quite afford it at the time). This of course opens the market to more people, driving the demand and costs higher.
It now looks like we aren’t dreaming quite as big as we used to... Goldman Sachs is apparently offering loans to buy a cell phone. I guess it’s good to have more realistic expectations in life.
https://www.zerohedge.com/news/2018-02-07/goldman-talks-finance-iphone-purchases
You will be surprised how high this house of cards can go
It's amazing the job the plunge protection team and others have done but the debt slaves may be the biggest "heroes". lol
I am more surprised every day.
I am more surprised every day.
Sheeple seem to love debt slavery. Not sure why. Maybe some brainwashing and peer pressure though.