Navigating the landscape of debt and finance requires an understanding of the myths and truths that shape our perception.
In this episode, Ryan Detrick & Sonu Varghese debunk seven common myths related to debt and finance. They provide insights and analysis on topics such as credit card debt, student loans, bankruptcies, and excess savings. Additionally, they address the topic of rising interest rates and its impact on the economy.
Ryan and Sonu discusses:
- The concerns and perspective on the $1 trillion credit card debt and its relation to total assets
- The impact of student loan debt payments restarting and the potential effects on consumer spending
- The concept of excess savings during the pandemic and its potential depletion
- The recent decline in stock prices and sales for major retailers
- The increase in interest rates, specifically mortgage rates and credit card rates, and its implications for borrowers and savers
- The composition of US government debt and the ownership of that debt
- And more!
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