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News@lemmy.world · 5 months ago

'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says

www.businessinsider.com

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News@lemmy.world · 5 months ago

As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.

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5 months ago
You said spending at e-commerce sites and malls. One of the reasons people spend money at malls is to get clothes for work.

As for e-commerce sites, I’m not sure why you think people go to Amazon just for luxuries.

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