Consumer Credit Hits A Brick Wall With Credit Cards Maxed Out

Consumer Credit Hits A Brick Wall With Credit Cards Maxed Out:

The recession which unofficially started in Q1 and worsened in Q2, is about to get much worse in Q3 when the key support pillar of the US economy, consumer spending which accounts for 70% of GDP, goes into reverse now that credit cards have to be paid down.

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