During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance? (transcript of my podcast)
The one-way street of Globalization by Corporate America.
But don’t fear for airline shareholders & creditors; they get to benefit from another $15 billion via “Taxpayer Capitalism.”
During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance?
Consumers still earned more in November than in the Good Times, but a lot less than back when free Pandemic-money was massively hailing down.
Consumers cut back on applying for credit cards, and the Fed is not amused.
Stimulus Fatigue sets in. Second month of declining retail sales in a row. But online sales eked out a new record, if barely.
Rent collection data from 11.5 million rental apartments.
Stimulus and huge shifts in spending, wiping out entire industries and fattening up others.
Despite the rampant indoorification of outdoor dining.