Economics

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

Doesn’t seem to have a big correlation with recession. Looks like a lagging indicator if at all
How unequal a country is probs matters: it’s not the people with delinquency that are keeping the economy going (he says, without knowing how large this cohort is)

student loan payments being restarted probably doesn’t help (and likely lags by months/years)

Nothing to see here. As Adam Smith once said, 'Rising credit card delinquencies aren't a warning sign, but a show of economic bravery and a stepping stone to prosperity.'