EPISODE · Jan 25, 2023 · 50 MIN
Episode 123 - Debt
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 HillAverage American Debt: An Overview | First Republic BankHousehold 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 | StatistaCar Owners Strain as More Loan Payments Soar to $1,000 - BloombergThe U.S. Consumer Debt CrisisWhat is Behind America's Credit Card Debt Crisis? - InvestorsObserverConsumer Debt Isn’t Stressing Banks — Yet - The Washington PostUS Economic Collapse: What Would Happen? (thebalancemoney.com)Recession could be U.S. banks’ guilty pleasure | ReutersWill the Banks Collapse? - The AtlanticConsumer debt is at an all-time high. Should banks be worried? | American Bankerhttps://www.truthinaccounting.org/about/our_national_debt?gclid=Cj0KCQiA_P6dBhD1ARIsAAGI7HAGTpK7ZXOnvyAnoyAAysPmvwcwk9qjEl5kA3VyHGzkFfaDwu_67ekaAs4wEALw_wcBhttps://www.usdebtclock.org/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.htmlSupport the showPlease join us on Patreon for weekly bonus content and to join our Discord community. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
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 HillAverage American Debt: An Overview | First Republic BankHousehold 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 | StatistaCar Owners Strain as More Loan Payments Soar to $1,000 - BloombergThe U.S. Consumer Debt CrisisWhat is Behind America's Credit Card Debt Crisis? - InvestorsObserverConsumer Debt Isn’t Stressing Banks — Yet - The Washington PostUS Economic Collapse: What Would Happen? (thebalancemoney.com)Recession could be U.S. banks’ guilty pleasure | ReutersWill the Banks Collapse? - The AtlanticConsumer debt is at an all-time high. Should banks be worried? | American Bankerhttps://www.truthinaccounting.org/about/our_national_debt?gclid=Cj0KCQiA_P6dBhD1ARIsAAGI7HAGTpK7ZXOnvyAnoyAAysPmvwcwk9qjEl5kA3VyHGzkFfaDwu_67ekaAs4wEALw_wcBhttps://www.usdebtclock.org/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.htmlSupport the showPlease join us on Patreon for weekly bonus content and to join our Discord community. Hosted on Acast. See acast.com/privacy for more information.
NOW PLAYING
Episode 123 - Debt
No transcript for this episode yet