| ▲ | baq 5 hours ago | ||||||||||||||||
It’s also hard to ignore differences. Bubbles gonna bubble, but the consumer is quite healthy this time around. Burry being short doesn’t make it 2008. | |||||||||||||||||
| ▲ | ceejayoz 5 hours ago | parent | next [-] | ||||||||||||||||
> the consumer is quite healthy this time around Inflation's way up. Real wages are down. https://www.nytimes.com/2026/10/14/business/economy/inflatio... > Wage growth has remained relatively muted over the past year. That, combined with higher inflation, means Americans are earning less for an hour of work. Average hourly earnings, adjusted for inflation, fell 0.5 percent in September, and were down 0.7 percent from a year earlier. It was the sixth straight month of year-over-year declines in real earnings. https://www.cbsnews.com/news/household-debt-delinquencies-ri... > The share of seriously delinquent auto loan balances has hit a record high this year, while nearly 13% of credit card balances are seriously past due — close to their 2010 peak in the aftermath of the housing crisis — according to recent data from the Federal Reserve Bank of New York. https://www.cnbc.com/2026/10/09/american-debt-delinquency.ht... > The ability of U.S. families to stay current on their debts worsened over the past three years, hitting levels not seen since the aftermath of the global financial crisis, the Federal Reserve reported Friday. | |||||||||||||||||
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| ▲ | SaucyWrong an hour ago | parent | prev [-] | ||||||||||||||||
> but the consumer is quite healthy this time around This is one of the more out of touch things I’ve read today. I’m not sure from where you’re sourcing your economic data. Maybe you’re saying this financial collapse won’t be as bad as 2008? I’d agree with you, that one was singularly dangerous and required large scale government intervention to guarantee that the global financial infrastructure didn’t bust. But this bubble will hurt very badly at a time where the consumer is not as strong as you think. | |||||||||||||||||