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☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 1 年前

Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

www.telegraph.co.uk

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Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.

www.telegraph.co.uk

☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 1 年前
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  • usa@lemmy.ml
The great American boom is finally running out of steam, leaving mountains of debt
www.telegraph.co.uk
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High borrowing and low personal savings are dashing hopes of an economic soft landing
  • ihaveibs [he/him]@hexbear.net
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    1 年前

    “AI” has got to be the most transparent grift I can remember

    • Self_Sealing_Stem_Bolt [he/him, they/them]@hexbear.net
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      1 年前

      Crypto. Nfts. Ai. The trifecta of absolute bullshit that’s actively made things worse

      • Frank [he/him, he/him]@hexbear.net
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        1 年前

        I wasnt really old enough to follow what we going on, but I think the .com bubble was like this. “get a website! E-commerce! Unlimited weatlh and beauty” and somehow no one stopped to consider that while E-commerce might be convenient, it wasn’t going ot create much in the way of new markets. And then in 99 everything crashed and the end of history ended for the first time.

        • footfaults [none/use name]@hexbear.net
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          10 个月前

          deleted by creator

      • SuperZutsuki [they/them]@hexbear.net
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        1 年前

        They just need a new buzzword to keep tech prices from crashing until they find a new buzzword to keep tech prices from crashing until they find a new buzzword

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