US Consumers Maxing Out Credit Cards Will Lead To Late 2022 Spending Collapse

Source: https://www.zerohedge.com/markets/goldman-economist-warns-us-consumers-maxing-out-credit-cards-will-lead-late-2022-spending
Published: May 18, 2022
Author: Tyler Durden
Post Date: 2022-05-18 20:49:48 by Horse
Views: 256

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.”

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#1: StraitGate    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   Reply   Private Reply