BREAKING: For the first time in history, interest payments on non-mortgage debt in the US are equivalent to interest on mortgage debt, at $575 billion.
— The Kobeissi Letter (@KobeissiLetter) March 16, 2024
Exactly 3 years ago, interest on non-mortgage debt was at $250 billion.
This marks a 130% increase in household interest… pic.twitter.com/11edPRWQvZ
Not a good sign
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