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uhsguy  ·  678 days ago  ·  link  ·    ·  parent  ·  post: Pubski: June 8, 2022

Hold on. I’m just pointing out that the good equivalent value is flat, the ability to pay off is clearly not since wages have not gone up. So if folks are buying the same number of goods on credit they now owe significantly more. Increased cost without increased consumption. It’s like saying Walmart revenue is up 10%, when inflation is 12% that means something different than 2% inflation environment. On a graph that looks like huge growth though.