America’s Choice: Retail Sales Collapse Or Perpetual Inflation?

2 years ago

Credit cards have filled the void left by the lack of recent stimmy checks, but if we don't get another round of big stimmy checks soon, retail sales will collapse as unemployed\underemployed Americans max out their credit cards and start to default.

https://www.zerohedge.com/markets/consumer-credit-soars-most-record-credit-card-borrowings-hit-all-time-high

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