Yupppp they most definitely are! That’s dangerous degeneracy. Better off playing roulette some of them.

You should see crypto during a bull run it goes from mania to despair in a matter of hours sometimes

At least you’re honest lol

From your point of view, as long as spending continues to happen at record pace you’ll be a winner.

This is a ignore reality and pump hopium into the void of denial regarding the inevitable.

This is a prime example of someone shilling their bags by picking and choosing data based on what they want the outcome to be.

Fact remains: Credit card debt to savings ratio is the worst in recorded history.

You can only swipe so much for $40 Olive Garden plates and $15 Little Mac meals before you max out. People are simply refusing to cut back on spending, even at super inflated prices.

This is unsustainable.

It should also be noted that Gen X are just some of the parents of Gen Z & not the other way around.

Short term this refusal to stop spending will fuel earnings and the market overall. But even this analysis shows Gen Z & Millennial credit card debt defaults increasing at a rapid pace, even with student loan suspensions for what seems like an infinite amount of time.

They will more than likely stay suspended through the 2024 presidential election and if the Democrats win, through 2028.

If they don’t expect the moratorium to expire Dec of 2024 so the GOP can inherit a disaster of debt and be blamed for the inevitable crash.

Also people are normalizing $1500-$2500 rents.

That’s simply absurd & unsustainable as well.

Enjoy your short term pump in the market - but the reality will kick in at some point and number not always go up.

The only way to slow down consumer spending it seems is for 1 point increases constantly. The Feds actions aren’t helping clearly - just prolonging the inevitable.

No that’s definitely worse I hope it’s something resolvable in a reasonable time frame

Oh I don’t deny it sucks. I can relate imagine waking up 6 hrs after putting money on a coin and finding out it’s been rugged and you can’t sell?

Probably a glitch

I come here for comments like this

The dumpster has a boarding party waiting for you.

They have a new sauce and it’s not siracha.

Lol it’s possible. Not quite sure to be honest , but that is almost directly in tandem with fuel price increases over the same time span

Maybe they are anticipating the need for bunkers

Bad news green , good news red

Hope so

My Dogecoin farted