/u/wakeup2019's posts in /r/economy
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Household credit card debt in the U.S. reaches record $1.14 trillion. 57% of Americans depend on credit cards to make ends meet
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Breaking news: Japan's Nikkei 225 index dropped more than 12% as global markets were rattled by the prospect of a US recession
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Chinese companies are winning the global south. (Since 2016, listed Chinese firms have quadrupled their sales in the global south, to $800bn, and now sell more there than in rich countries)
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Intel down 29% today and 55% this year. The flagship semiconductor company has really fallen behind in technology. And it’s laying off 15,000 workers.
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