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U.S. consumer debt is now breaching levels last reached during the 2008 financial crisis


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I knew we didn’t learn anything.

 “BUT THE INTEREST RATES ARE LOW. ON LOANS.....I’LL PUT THAT MONEY INTO THE MARKET AND MAKE MONEY WITH IT!!!!”

*rarely (never) happens.

Still, our GDP is stronger compared to the last meltdown and the fed is keeping steady.

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4 minutes ago, f7ben said:

Xammykins says????

Something about shoelaces!!!!

And everyone is still on go!!!!

Carnival barker.  What’s next?  Now you support China?  Prolly.  We’re all on pins and needles for you!!!!

:lol:

 

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Always a sucker out there for debt.  Although it is a tougher sell for students already buried in student loan debt. 

Saw a YouTube video the other day where a tool truck guy was financing a $180 Harbor Freight tool cart for someone.

Auto loans are "zero" percent for 60 months. 84 month loans are a thing now.  We drive what we are willing to pay cash for.  How much should one realistically put in vehicles when we live on a gravel road in the salt belt?

We have a 15 year mortgage at 2.75% and that's it.  On a house we can easily afford.

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