There are 108 million car loans in the US totalling $1.6 trillion There is $1.77 trillion in student loan debt There is another trillion in credit card debt in general. And another trillion of commercial real estate debt is due this year.
When you create money out of debt, then raise interest rates, you are asking for a financial explosion.
There are 108 million car loans in the US totalling $1.6...
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Last
7,832.4 |
Change
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Mkt cap ! n/a | |||
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| XJO (ASX) Chart |