Revolving Credit Skyrocketing
Revolving credit skyrocketing is not a good thing as the interest is high. Short-term money creation is fun initially but repayment longer term is miserable and deflationary as money earned in the future does not go to consumption but rather interest.
Despite all that revolving credit expansions we have not made new highs in the S&P. It is worth keeping an eye on RC as it will suggest a reduction in purchasing, EPS and stock prices as we saw in 2008 and 2020.
Despite all that revolving credit expansions we have not made new highs in the S&P. It is worth keeping an eye on RC as it will suggest a reduction in purchasing, EPS and stock prices as we saw in 2008 and 2020.
Real Macro Economic Investing
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