Ask Paula: Is a Crash Coming?
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Credit Markets - Is This Going to Get Ugly?
During the heaviest of the covid period, when there was lots of stimulus coming in, the number of people taking on new credit shrank enormously. People not only weren't taking out new credit applications, they also were paying down their credit at one of the fastest rates in history. Now, there are more credit card applications and more new loan applications than there has been in recent history. The people that are struggling the most are already beginning to turn to credit. Means this, this is going to get ugly. We're seeing it. We're going to see it a housing were gin to see it all over the place. Right? There are certain imagined risks to the system, and there
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