In recessions indiscriminate credit card borrowing really comes back to bite lenders. Additional worry is distress borrowing -> lenders tighten standards inducing a pro cyclical squeeze. At least that is what this data seems to suggest. @BittelJulien via @SoberLook https://t.co/jhm4G1DjSE
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…