Comments by "DrScopeify" (@drscopeify) on "Bond market is screaming that recession is coming, says Quadratic's Nancy Davis" video.

@Psychetwo The Credit card debt in 2019 before the COVID crap was 850 billion and during COVID people were at home and not traveling or eating out or going on holiday so debt went down to 780 billion or so, but the question is the jump to 1 trillion today is a big deal or not? It has been 3 years, prices have re-aligned upwards like 20% or 30% or whatever due to so much new money so is 1 trillion a big deal? I guess if delinquency rates rise and people foreclose on cars then it is proof that it is an issue but so far the rates are only rising back to normal levels we will see if it goes above 2019 then maybe its a cause of alarm but even then prices have gone up so I expect more people to be in trouble than 2019 so maybe even that is not a clear warning sign??? I gues time will tell.
1
@theunbearablebull Care to elaborate?
1