politics @lemmy.worldEnglish · 5 months ago

The great American boom is finally running out of steam, leaving mountains of debt

www.telegraph.co.uk

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The great American boom is finally running out of steam, leaving mountains of debt

www.telegraph.co.uk

anticolonialist@lemmy.world to

politics @lemmy.worldEnglish · 5 months ago

High borrowing and low personal savings are dashing hopes of an economic soft landing

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Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

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5 months ago
Recession has no real definition until after the fact.

politics @lemmy.world

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