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10min chapter
The Recession We Deserve
The Compound and Friends
Credit Card Debt and Cash in the Bank
The speakers discuss the levels of credit card debt and cash in the bank, highlighting the concerns of a significant amount of credit card debt at 1.1 trillion. They also analyze the historically low level of cash in the bank and debate whether the high level of deposits reported by big banks is due to people hoarding cash in corporate accounts. They discuss the usefulness of credit card debt if used responsibly and suggest that there may not be as much to worry about based on other economic indicators.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode