The economy is consumer driven and from I can tell by me the consumer can't stop spending. Stores, restaurants are packed. I'm in Vegas now it's a zoo so I ask what recession I personally don't see it.
Understood. What are the balances of these peoples credit cards ?
70% of our GDP is consumer spending, some have zero intentions of paying off their credit cards.
I know couple that were going to get divorced and they racked up all the cards knowing they would simply declare bankruptcy. Breast implants, guns, furniture, jewelry, fancy hotels, fancy restaurants, etc….