Credit Card Shutdowns Begin: The First Sign of Economic Collapse

Another recession warning and this one is related to brewing problems with unemployment. The September payroll report has put mainstream focus back on a soft- or no-landing scenario, but we've been there before not long ago. Meanwhile, apart from the unreliable payroll figure everything else continues to point to bigger trouble, including Americans who have stopped using their credit cards. Eurodollar University's Money & Macro Analysis***EURODOLLAR UNIVERSITY FALL SALE***Subscriptions and price information:https://www.eurodollar.universityABC News Blockbuster jobs report flexes economic strength, defying Americans' lukewarm attitudeshttps://abcnews.go.com/Business/blockbuster-jobs-report-flexes-economic-strength-defying-americans/story?id=108887637Challenger, Gray & Christmas Job Cuts Flat in September 2024 from August; YTD Surpasses 2023https://www.challengergray.com/blog/job-cuts-flat-in-september-2024-from-august-ytd-surpasses-2023/Robert Shimer Reassessing the Ins and Outs of Unemploymenthttps://home.uchicago.edu/~shimer/wp/reassess.pdfTwitter: https://twitter.com/JeffSnider_EDU