In this episode, Mark and I tackle the growing bubble in consumer credit. We take a look at the personal savings rate and compared it to the sudden staggering increase in revolving credit.
We discussed the evolution of banking in recent history, the growing and worrisome trend of "Buy Now Pay Later" and Apple's foray into that field, and covered the overall psychology of consumers during a recession.
We ended the episode by covering BlockFi's down round, and whether or not we can expect more of the same in crypto and tech. For that take, you'll have to tune into the show.
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.