Your boss ask what happened how would you respond

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US consumers are piling into credit card debt like never before:

Total US credit card debt hit $1.1 trillion in the week ending July 16th, matching a record high set in May.

Year-to-date, credit card debt has risen by +$17 billion.

Since April 2021, it has surged by a whopping +$363 billion.

That’s an average increase of +$7.3 billion PER MONTH.

The worst part?

This does not include "Buy Now, Pay Later" spending, which is projected to hit a record $116.7 billion this year.

Americans are "fighting" inflation with credit card debt.

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ALTSEASON IS COMING!

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JUST IN: Coinbase adds Samsung Pay for crypto purchases in the US and Canada.

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You don’t hate the media enough

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What a f&cking retard

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If you don't realize they're lying to you by now, there's probably no hope for you.

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I don't get it. That looks super realistic to me

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Wow. Grow up, officer.

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45 years later

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JUST IN - US consumer confidence beats expectations in July

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This body type

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NEW - Russia is pushing to mine uranium in Niger, escalating tensions with France after Orano, a 90% French-owned company, lost control of its Somair, Cominak, and Imouraren uranium mines in Niger.

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Identifying common insects and arachnids bites

squatguide

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The stock market's rally is making history:

The S&P 500's market cap relative to disposable personal income adjusted for inflation reached a record 28x.

This ratio has more than DOUBLED since 2020 and has now surpassed the previous peak of 25x set during the 2021 meme stock frenzy.

This comes as the S&P 500 has rallied 116% while real disposable income has increased by just 13% since March 2020.

For context, the ratio was just 13x at the 2000 Dot-Com Bubble peak.

Stock market gains are outpacing real incomes like never before.

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