🟥WARNING🟥
Credit card debt is surging exponentially, far surpassing levels seen in 2008 and 2020. History suggests that such high levels of credit card debt often precede economic crashes.
Interest paid on US government debt has hit $1.1 trillion over the last 12 months.
This is the real reason why the Fed is considering cuts this year. 👀
Fantastic chart from
@LanceRoberts
!
$SPX history littered with super lengthy secular bear-markets (52 years, 26 years and 13 years of ZERO inflation-adjusted returns)!
This is why important to protect capital and attempt to avoid recessionary bear markets.