doesn't this graph show what people decided to do with their funds? Obviously there's a lot of manipulation of those choices, but this isn't showing a decrease of credit availability, is it? It's showing the unwinding of debt. It's Dave Ramsey's wet dream.
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Don't think it's right to say it's an unwinding of debt, you'd have to combined this with incomes data & half of the USA isn't working. guess % of people with debt levels putting them in poverty has gone up The point is that corporations are awash in liquidity, & people are not
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Did you see the chart above this one & notice the uptick in consumer delinquencies as well? It’s not just that cc companies aren’t as generous with credit now, it’s that people can’t pay their bills.https://twitter.com/winfieldsmart/status/1277959050341298176?s=21 …
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Yes I did. So many people live paycheck to paycheck.
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