Episode description
Episode description
Consumer and national debts are growing exponentially. The unsustainable nature in which we borrow money in order to maintain our economic system is the perfect definition of a bubble. But when will it burst and what will it look like?
Learn More:
Americans’ household debt surpasses $16T for first time | The Hill
Average American Debt: An Overview | First Republic Bank
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says (cnbc.com)
17 Canadian Household Debt Statistics [Updated in 2022] (reviewlution.ca)
Canada Households Credit Market Debt to Disposable Income - 2022 Data - 2023 Forecast (tradingeconomics.com)
Debt owned by U.S. households by type 2022 | Statista
Car Owners Strain as More Loan Payments Soar to $1,000 - Bloomberg
The U.S. Consumer Debt Crisis
What is Behind America's Credit Card Debt Crisis? - InvestorsObserver
Consumer Debt Isn’t Stressing Banks — Yet - The Washington Post
US Economic Collapse: What Would Happen? (thebalancemoney.com)
Recession could be U.S. banks’ guilty pleasure | Reuters
Will the Banks Collapse? - The Atlantic
Consumer debt is at an all-time high. Should banks be worried? | American Banker
https://www.truthinaccounting.org/about/our_national_debt?gclid=Cj0KCQiA_P6dBhD1ARIsAAGI7HAGTpK7ZXOnvyAnoyAAysPmvwcwk9qjEl5kA3VyHGzkFfaDwu_67ekaAs4wEALw_wcB
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
https://www.nytimes.com/2023/01/11/us/politics/debt-ceiling-economy-congress.html
Support the showHosted on Acast. See acast.com/privacy for more information.