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Tag: economic callapse

Recession Watch: Forget About That Soft Landing

Demand is cratering for houses, trucks, toys, you name it Author: JOHN RUBINO Americans have spent the past few years putting ever-bigger parts of their day-to-day lives on plastic. And now the stats are brutal: Total credit card debt recently pierced $1 trillion while personal interest expense has gone parabolic. Credit card usage, as a result, has dropped back below[...]

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