Credit Card debt is rising at the biggest quarterly increases in history. How long can debt continue to fuel the economy and when will the American consumer finally pull back their spending habits? The big question is whether demand will come down naturally or in limbo with the Federal Reserve hiking interest rates. With inflation rising, it’s not just hurting consumers, it’s also hurting businesses with their input prices rising. What does that mean for the economy & stock market? All of this & more is discussed in this week’s “The Capitalist Investor” podcast episode.
● [04:18] Dangerous Credit Card Debt
● [14:17] Ford Expecting Another $1B in Costs Because of Inflation
● [22:46] Cancelled – Employees & Electric Carts