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Strategies & Market Trends : Bear!
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To: JohnyP who wrote (205)12/19/2023 4:16:33 PM
From: Sean Collett   of 266
 
I saw that and the details from the NYT article highlight where some real risk is at here:


Then Bloomberg just ran with this piece which highlights some major issues in consumer lending:




Link to the article.

Affirm just announced they are now offering BNPL at Walmart self-checkouts too.

There is some deep level of debt taking place that is falling under the traditional metrics like mortgage and credit card. From this view I would say the consumer is looking worse off than current measures report.

-Sean
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