This Is What Consumers 'Always' Do Before a Recession

American consumers just did two things that you might think are completely incompatible. In August, they cut revolving credit at the same time, consumers added a huge amount of non-revolving credit. So households backed away from credit cards while splurging on installment debt. How can consumers be terrified of borrowing and eager to borrow at exactly the same time? Because these aren’t contradictory behaviors. Eurodollar University's Money & Macro Analysis Join my FREE webinar October 29 at 6 PM ET to learn which warning signs to watch, and what they could mean for your portfolio. Reserve your spot: https://go.eurodollar-university.com/oct9-fyrf https://www.youtube.com/watch?v=EmqHdzJ6BnA https://www.cnbc.com/video/2026/10/07/used-vehicle-prices-tick-lower.html https://www.youtube.com/watch?v=lyThfPvy_94 https://www.bloomberg.com/news/features/2026-10-03/american-consumers-tap-home-equity-and-ai-as-prices-rise https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU I’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu