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Title: US Consumers Maxing Out Credit Cards Will Lead To Late 2022 Spending Collapse
Source: [None]
URL Source: https://www.zerohedge.com/markets/g ... s-will-lead-late-2022-spending
Published: May 18, 2022
Author: Tyler Durden
Post Date: 2022-05-18 20:49:48 by Horse
Keywords: None
Views: 157
Comments: 1

Goldman Economist Warns

“Borrowing is going to be a short-term driver of spending, and I think has been to some degree already. Consumer spending is going to be relatively slow. Income is going to be quite weak in 2022.”

Poster Comment:

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#1. To: Horse (#0)

About 30 years ago I got my first credit card, and they recklessly gave me a $55,000 credit limit. I called them and had them reduce the limit to $5000.

StraitGate  posted on  2022-05-18   21:10:29 ET  Reply   Trace   Private Reply  

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