Mar. 30 at 8:52 PM
$GDX $GLD $SLV $JNUG $B
❌38% The share of Americans that had a personal loan in 2025— A RECORD HIGH ❌
The U.S. consumer is still spending—but increasingly leaning on CREDIT to do it. This is positive for that nominal "growth" inflation dominates nominal GDP growth
This economy cannot survive rate hikes with this amount of debt, old debt of
$9 trillion being refinanced this year, the new debt issuance in which this US economy is now very dependent on. Credit would freeze up even more & that's the lifeblood of our economy simply ask our own
$39 trillion indebted govt.
Today, BLACKROCK'S RICK RIEDER SAYS THE FED SHOULD CUT RATES, AND I THINK THEY WILL.
The fed under Kevin Warsh will cut rates down to 1% or less by September/October of 2026 & with that expect unemployment rate to reach 5%+. The US unemployment rate is currently @ 4.4%.
WTI crude oil price, 1 month ago:
$68 & Now:
$104 = 53% price increase in 4wks. Those personal loans will be ramped up
