US consumers have exhausted their savings:
— The Kobeissi Letter (@KobeissiLetter) June 28, 2024
$2.3 trillion of accumulated savings have been depleted by Americans since August 2021.
In other words, $67.6 billion of savings has been spent by US consumers PER MONTH.
As savings have declined, consumer credit card debt has spiked… pic.twitter.com/R3D1LSq3bL
Insightful stablecoin guidance going forward from Cornerstone
https://www.crnrstone.com/gonzobanker/stablecoins-what-community-banks-need-to-know-and-do-now?utm_campaign=40539196-Gon...