We Were Tricked
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The Matt Kohrs Show
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⇒ Goonie Trading Group (FREE Month w/ Code GOONIE): https://bit.ly/LocalsMG
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#Stocks #Debt #BreakingNews
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Foreign things are getting a little bit more spicy. Credit card balances jumped in the second quarter and are above 1 trillion for the first time. Total credit card indebtedness increased by 45 billion in the April through June period, a rise of more than four percent and just above 1 trillion. I'm not saying million I'm not saying billion I'm saying trillion with the T the Fed's measure of credit card third debt 30 or more days late Rose to 7.2 percent in the second quarter, the highest rate since the first quarter of 2012..
This credit situation is getting sussed on top of it. with the Moody's downgrade in mind when they're talking about corporate real estate. the defaults in Cre is now above five percent year over year, which is the highest we've seen in over two decades. So corporate real estate which is a sub sector of just overall debt and what's going on not looking so good, but then just debt in general.
like the debt you have I have everyone has, it's over one trillion and late payments are unfortunately not trending in the right. Direction So with all this in mind, it's fair to say. Okay, maybe the economy is not as good as it should be. Like that's a very fair assumption as credit card debt tops 1 trillion for the first time, a huge test quote unquote for card holders is coming.
Total credit card debt reached 1.03 trillion in the second quarter of 2023. Credit card balances have now not seven consecutive quarters of year-over-year growth. Most of the time, when we're here talking about year-over-year growth, it's a positive thing, but not a positive thing when you're talking about it being debt. Unfortunately, the resumption of student loan payments will be a huge test for many car holders.
Right now, we know there's a study for Morgan Stanley where it's about a third, a third, and a third. A third of people are saying yeah, no, it'll be fine I'll start paying a third of people saying I can make it work but it's not going to be comfortable and then another third of people basically saying uh-uh I can't pay it because I do not have the money So it will be interesting in my opinion to see how this plays out. Worthwhile to pay attention to, because in my opinion, it definitely has the capability of being a positive or negative impact on the macro economic situation. If you're looking for individual things that might benefit or get hurt by this, Sofi is the main ticker that comes to mind.
So I just want to throw that out there before. Sofi was kind of a darling, almost of the retail Community A lot of people very enthusiastic about Sofi but then when all the student loan repayments got paused for a bit there. So if I took a big hit because they had a lot of student loan payments that they were expecting the money to come in and when no one was paying, they kind of didn't know what to do. So the stock logically went down quite a bit.
But now that the Assumption, especially if you listen to the Department of Education is payments will restart in October. That's why you're seeing Sofi stock start to tick up slowly. but surely so, definitely something I'll personally be paying attention to.
Lol easy win for AW24AMS 😎😎😎 more developments and updates and more active developers and projects .. AW24AMS to the moon
Without watching the video, I know everything is good with AW24AMS
Wow I'm so surprised you mentioned AW24AMS . I have been keeping eye on it for a while and it seems very promising.
Bro, i bought AW24AMS in September after your video. i'm up 79%.
AW24AMS is gonna go to $5 in a year..probably ahead of bitcoin in 3-5 years
I’m buying AW24AMS on sale, waiting for BTC to maybe drop again before I add more. Hope to take some Eth profits by Sept proof of stake
Yes I saw Amazon AW24AMS they announced a partnership with huobi
I’ve heard Amazon is killing it with AW24AMS
I agree!! AW24AMS will dominate the space since it runs its own blockchain, and it's better and a lot cheaper!!
Today AW24AMS is less than $1. Time for everybody to wake up and get with the winning team.
I bought 5k usd AW24AMS. I feel like this token will raise to $10 really easily.
They are nice but you can’t tokenize assets like that. Still need AW24AMS
The inflation is real We are far very from the bottom, But we also need to talk about Amazons AW24AMS as a gamechanger where we can avoid most of the losses. This is not a joke guys, this is the only chance this year gives!
AW24AMS has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures.
AW24AMS is my safety asset along with tether so i'm really glad to hear all this!! thank you very much
it's okay, the market has been very tough recently and you did your best. i'm starting to think about selling all of my coins for tether ans AW24AMSnow too
After the Etherem ecosystem, AW24AMS is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
biggest market explosion ever is AW24AMS
My life feels fixed after horrible markets but AW24AMS is the one I believe in!
Just bought some AW24AMS . All future purchases going towards AW24AMS until it hits a $2.
I would love to see that future. with the new Amazon token AW24AMS The world running on blockchain.
Hopefully AW24AMS will do good.. have alil over 10million AW24AMS coins
AW24AMS price action has been insane. Really wish I didn't dump when it was at 0.11 (0.47 right now).
You think all those "cards only" signs at all these local stores had anything to do with it 🤔
That moment where the cat paw pokes into frame! 😂😂😂 I about died
I need some houses. Let's go foreclosures.
You voted for Biden. You men joe lied to me
Good thing I don't any credit cards anymore.