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News@lemmy.world · 11 months ago

'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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News@lemmy.world · 11 months ago

As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.

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Debt jubilee!
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  The first rule of Fight Club is, you do not talk about Fight Club.

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