- Joined
- 5 August 2021
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I am wondering if the strength of the American consumer is being hidden behind large amounts of credit card debt/unreported buy now pay later services which have taken off in the USA.
I am seriously considering taking out an inverse ETF position in a USA retail bear fund. I have a feeling we will see the lower-middle income consumer collapse in the coming months. Interested in other peoples thoughts.
Interesting article from early May on the Buy Now Pay Later firms in the USA, we saw the impact it had on the Australian consumer...
^ above link is with the "Gift this article" so hopefully it lets you read it. Interesting excerpt from it below:
I am seriously considering taking out an inverse ETF position in a USA retail bear fund. I have a feeling we will see the lower-middle income consumer collapse in the coming months. Interested in other peoples thoughts.
Interesting article from early May on the Buy Now Pay Later firms in the USA, we saw the impact it had on the Australian consumer...
^ above link is with the "Gift this article" so hopefully it lets you read it. Interesting excerpt from it below: