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Tarvold

20,419 Posts.

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10/05/24

18:04

Post #: 73769820
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Originally posted by nippy: ↑

Not measured by the FED and not measured by credit rating agencies are payday loans.

Now when stores like Walmart have these loans on their self checkout aisles and allow people to get 4 part instalment plans for a loaf of bread purchase you have your answer as to why the inverted yield curve is taking longer than normal to cause a recession in the conventional sense.

These phantom loans on top of record debt from the normal sources spell big trouble down the line. Bigger and deeper and longer lasting than normal.

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Australian banks take account of buy now pay later loans on mortgage applications.
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