Overdue Credit Card Debt Approaches 20-Year High -- While Interest Rates Skyrocket

Here's a frightening chart.

Credit card debt hasn’t looked this grim since the Great Recession.

From The Economist:

At the same time, the personal savings rate of American’s is hovering near an all-time low:

But then again, the savings rate is always pretty low in the USA. 😅

👉 Meanwhile, Warren Buffett is selling of his stocks and hoarding cash to the tune of $330 billion. These two negative signals taken together almost make me want to start buying bonds.

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