State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation

by Pam Martens and Russ Martens, Wall St On Parade: Credit card balances up 3.0% from March 2019, but CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases. Credit card balances ticked up 1.9% in March from February, not seasonally adjusted, to $1.036 billion, according to […]