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21min chapter
Consumer Debt Just Hit Dangerous Levels, China Collapse Gets Worse, Labor Market Weakening
The Rebel Capitalist Show
Intro
This chapter examines the troubling increase in consumer debt in the U.S. and its potential threats to economic stability, including a notable decline in credit card usage that might indicate an impending recession. It further analyzes the economic turmoil in China and its relevance to past U.S. financial crises, highlighting the interconnectedness of global economies.
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