This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
As the SlopeCharts of credit card debt clearly shows, the gluttonous appetite for mass-produced garbage is almost limitless in America. Any chastening from the financial crisis is a distant memory at this point.
As I’ve suggested many times this year, retail is eventually going to get hammered, and Mr. and Mrs. Minivan find their maxed-out credit cards start getting declined even for the purchase of a Triple-Big-Mac with Bacon. Once the fund below cracks 35.92, game over,man.
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