Analysis from the Federal Reserve Bank of Philadelphia finds that credit card balances, delinquencies and utilization rates have reached their highest levels on record.
Most corporations run on debt at one time or another. The difference is that regular people can’t get enough debt to trick investors into thinking they’re succeeding.
Is this what’s driving the oh-so-great economy that people are too stupid to understand is so great?
The secret ingredient is lies.
Most corporations run on debt at one time or another. The difference is that regular people can’t get enough debt to trick investors into thinking they’re succeeding.