That’s a tough question. RT reported Nov. 11 that U.S. credit card debt hit a historic high of $1.08 trillion in September, according to a report issued by the New York Fed. This was a 4.7% increase from the previous three months. A much bigger chunk of the U.S. “everything bubble” is mortgage balances, which also rose in September, to $12.14 trillion. Student loan and auto loan balances also moved up, to $1.6 trillion each.
Mirror, Mirror on the Wall, Which Is the Most Insolvent Bubble of Them All?
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