Credit Card Debt Reaches All-Time High, Triggering Concerns of Economic Crash

26
14
Favorite

Credit Card Debt Reaches All-Time High, Triggering Concerns of Economic Crash

Tradeforliving
2023-02-28

This is the evidence that in 2022 Q4 or at the end of the year, credit card debt is growing crazily and even surpasses the all-time high (ATH), meaning that it will become a time bomb. When this bomb explodes, it usually triggers an economic crash, like what happened in 2019. Although it was not a major economic crisis at that time, the impact of the tremendous default payment was definitely felt. Looking back at 2008, when the debt bomb exploded and the economy plummeted, it took a long time for the economy to recover. Therefore, anything based on excessive and unclear debt is very bad for the economy of that country.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（14）

Top
Latest

Yamazaki月
·2023-02-28
nice
Reply
Like
Report
Eatdesign
·2023-02-28
L
Reply
Like
Report
Zzzzs
·2023-02-28
K
Reply
Like
Report
conniechong
·2023-02-28
K
Reply
Like
Report
Junyuan
·2023-02-28
K
Reply
Like
Report
damienng
·2023-02-28
K
Reply
Like
Report
samanthalove
·2023-02-28
ok
Reply
Like
Report
Camper
·2023-02-28
[Cool]
Reply
Like
Report
YeeJiun
·2023-02-28
ok
Reply
Like
Report
Prost
·2023-02-28
Ok
Reply
Like
Report
andrewtingg
·2023-02-28
Ok
Reply
Like
Report
Will11110000
·2023-02-28
Hi
Reply
Like
Report
GD Hazel
·2023-02-28
ok
Reply
Like
Report
EliseKarchin
·2023-02-28
Cool
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9940037523,"tweetId":"9940037523","gmtCreate":1677593067562,"gmtModify":1677594772797,"author":{"id":4140682726092102,"authorId":4140682726092102,"authorIdStr":"4140682726092102","name":"Tradeforliving","avatar":"https://community-static.tradeup.com/news/de070c91f09b0e700ed5064259c7a5f4","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/c5ed0eb9b27f814f9ad0f591b8f22b05","width":"1024","height":"827"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/c5ed0eb9b27f814f9ad0f591b8f22b05","width":"1024","height":"827"}],"title":"Credit Card Debt Reaches All-Time High, Triggering Concerns of Economic Crash\n\n","html":"<html><head></head><body>This is the evidence that in 2022 Q4 or at the end of the year, credit card debt is growing crazily and even surpasses the all-time high (ATH), meaning that it will become a time bomb. When this bomb explodes, it usually triggers an economic crash, like what happened in 2019. Although it was not a major economic crisis at that time, the impact of the tremendous default payment was definitely felt. Looking back at 2008, when the debt bomb exploded and the economy plummeted, it took a long time for the economy to recover. Therefore, anything based on excessive and unclear debt is very bad for the economy of that country.\n<img src=\"https://community-static.tradeup.com/news/c5ed0eb9b27f814f9ad0f591b8f22b05\" tg-width=\"1024\" tg-height=\"827\"></body></html>","htmlText":"<html><head></head><body>This is the evidence that in 2022 Q4 or at the end of the year, credit card debt is growing crazily and even surpasses the all-time high (ATH), meaning that it will become a time bomb. When this bomb explodes, it usually triggers an economic crash, like what happened in 2019. Although it was not a major economic crisis at that time, the impact of the tremendous default payment was definitely felt. Looking back at 2008, when the debt bomb exploded and the economy plummeted, it took a long time for the economy to recover. Therefore, anything based on excessive and unclear debt is very bad for the economy of that country.\n<img src=\"https://community-static.tradeup.com/news/c5ed0eb9b27f814f9ad0f591b8f22b05\" tg-width=\"1024\" tg-height=\"827\"></body></html>","text":"This is the evidence that in 2022 Q4 or at the end of the year, credit card debt is growing crazily and even surpasses the all-time high (ATH), meaning that it will become a time bomb. When this bomb explodes, it usually triggers an economic crash, like what happened in 2019. Although it was not a major economic crisis at that time, the impact of the tremendous default payment was definitely felt. Looking back at 2008, when the debt bomb exploded and the economy plummeted, it took a long time for the economy to recover. Therefore, anything based on excessive and unclear debt is very bad for the economy of that country.","highlighted":2,"essential":1,"paper":2,"likeSize":26,"commentSize":14,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9940037523","repostId":0,"isVote":1,"tweetType":1,"viewCount":541,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TWX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":515,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":105907949,"gmtCreate":1677595517224,"gmtModify":1677595520591,"authorId":3580934715001445,"author":{"id":3580934715001445,"authorId":3580934715001445,"name":"Yamazaki月","avatar":"https://static.tigerbbs.com/df3f02787a2de173998904937087029e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907934,"gmtCreate":1677595471681,"gmtModify":1677595475092,"authorId":3581999738746215,"author":{"id":3581999738746215,"authorId":3581999738746215,"name":"Eatdesign","avatar":"https://static.tigerbbs.com/81b7366ef95df541c04b564a69b64f79","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"L","text":"L","html":"L","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907931,"gmtCreate":1677595465767,"gmtModify":1677595468950,"authorId":3573623049502424,"author":{"id":3573623049502424,"authorId":3573623049502424,"name":"Zzzzs","avatar":"https://static.tigerbbs.com/2fc7026bf178aeb669482acec92c415f","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907930,"gmtCreate":1677595459760,"gmtModify":1677595462956,"authorId":3573546622951198,"author":{"id":3573546622951198,"authorId":3573546622951198,"name":"conniechong","avatar":"https://static.tigerbbs.com/06da81656ffe7c74db1a9c69a8cf934c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907923,"gmtCreate":1677595424746,"gmtModify":1677595427858,"authorId":3561854020621600,"author":{"id":3561854020621600,"authorId":3561854020621600,"name":"Junyuan","avatar":"https://static.tigerbbs.com/c179e227f6a29483eb37ac7860e9eef2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907918,"gmtCreate":1677595411063,"gmtModify":1677595414221,"authorId":3573522326711377,"author":{"id":3573522326711377,"authorId":3573522326711377,"name":"damienng","avatar":"https://static.tigerbbs.com/1f871cfd738787c8daf99ae3c46baf0f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907916,"gmtCreate":1677595407857,"gmtModify":1677595411055,"authorId":4096937050974300,"author":{"id":4096937050974300,"authorId":4096937050974300,"name":"samanthalove","avatar":"https://static.tigerbbs.com/5ee5983b6fe69fc7632853965159a65d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907913,"gmtCreate":1677595398259,"gmtModify":1677595401771,"authorId":4131884452949932,"author":{"id":4131884452949932,"authorId":4131884452949932,"name":"Camper","avatar":"https://community-static.tradeup.com/news/4f9dece7b28be3643e81b54d6ed718a0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"[Cool]","text":"[Cool]","html":"[Cool]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907904,"gmtCreate":1677595345083,"gmtModify":1677595348266,"authorId":3584087069477472,"author":{"id":3584087069477472,"authorId":3584087069477472,"name":"YeeJiun","avatar":"https://community-static.tradeup.com/news/a501aea2985916c65be721a4299b9036","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.01%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907899,"gmtCreate":1677595310210,"gmtModify":1677595313551,"authorId":4092017231447120,"author":{"id":4092017231447120,"authorId":4092017231447120,"name":"Prost","avatar":"https://static.tigerbbs.com/760e717500245db2556abaaa40c1f81b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907896,"gmtCreate":1677595301298,"gmtModify":1677595304616,"authorId":3569548778635529,"author":{"id":3569548778635529,"authorId":3569548778635529,"name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907894,"gmtCreate":1677595290839,"gmtModify":1677595294017,"authorId":3580118722428389,"author":{"id":3580118722428389,"authorId":3580118722428389,"name":"Will11110000","avatar":"https://community-static.tradeup.com/news/ea60cc8b3705cb1e6ed8267434e82f07","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907885,"gmtCreate":1677595269491,"gmtModify":1677595272624,"authorId":3581028676559849,"author":{"id":3581028676559849,"authorId":3581028676559849,"name":"GD Hazel","avatar":"https://static.tigerbbs.com/bb9d55ae3a9e179ab3a786b831c8618a","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.29","exceedPercentage":"80.90%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105907882,"gmtCreate":1677595257805,"gmtModify":1677595260985,"authorId":3582456223723301,"author":{"id":3582456223723301,"authorId":3582456223723301,"name":"EliseKarchin","avatar":"https://static.tigerbbs.com/bfaafeaa5ebb4ffbe1e96d6df776be49","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9940037523,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}