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The Interest Rate Shock Hasn't Been Felt Yet | Cameron Dawson

Supply Shock

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The Implications of Credit Card Debt

This chapter delves into the level of credit card debt in the economy and its potential implications. It analyzes debt levels, default rates, and the impact of high interest rates on credit cards. The speakers also question the competition among credit card companies to offer attractive rewards and the potential subsidy of lower-income individuals.

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