We're half-fans of Tucker Carlson. His interviews of certified Crazies are.....not a good thing.
Nor is this silliness:
Americans’ collective credit card debt soared to yet another record high on Tuesday, climbing 4.2% from last year to $1.29 trillion in total, according to the Federal Reserve Bank of New York’s latest household debt report.
The average credit card balance per consumer now stands at $6,678, up 2.4% year over year, a separate quarterly credit industry insights report from TransUnion found. The number of people with credit cards also rose 2% to 178 million, and the average interest rate on a new credit card is 24%, according to LendingTree data....
OMG!!! CALL OUT THE ARMY!!!! DOOM! DOOM!!!! DOOM!!!!!!
Careful readers will note that inflation over the last year has been about 4%, meaning that the DOOM DEBT INCREASE Tucker writes about is..............nothing at all--and the "average" debt is LESS than inflation for the same period--which, to anyone with common sense, is good news.
We are NOT fans of credit cards. But they can be useful. Tucker's silliness? Not always useful.


