The Market Ticker - It Won't Be A Repeat Of 2008
It’s going to be far worse.
The “divide” has widened — a lot – in the last 10 years, the “official” start of the “bull” run.
Yes, salaries are up some on a median basis. But debt is up much more, and what’s worse despite the “wonders” of zero interest for the rich and powerful, including corporations, the credit card interest rate is up since that time.
The percentage of people living “paycheck to paycheck” is higher now than then — by quite a lot. You don’t have to go far to find someone making $60,000 a year who is functionally bankrupt, running on their credit cards and sitting on a crazy amount of debt — with less than $500 in the bank.
Auto…….
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Source: https://www.market-ticker.org/akcs-www?post=235274
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