Fed reports massive spike in defaults. Credit cards being shut off.
The Federal Reserve just released a new study showing that credit card default rates in America have surged up to the highest level on record. In some cases - even worse than what we saw in 2008.
These skyrocketing credit card defaults are an ominous sign of the US Economy and Consumers. Particularly for those spending on bank cards such as Discover, Wells Fargo, JP Morgan, and Bank of America - where the card default rates have more than doubled in the last 2 years.
---
REVENTURE APP:
Access Exclusive Data and Videos as a Channel Member:
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from .
Additional stock footage provided by Envato Elements.
1 view
60
11
5 months ago 00:18:18 1
Fed reports massive spike in defaults. Credit cards being shut off.
3 years ago 00:07:10 461
Master Digest News: FED policymakers report | UK Рaypal Сrypto | Dubai\’s property market is rising
8 months ago 00:03:04 13
Gold to annihilate the FED
5 months ago 00:09:39 1
Reporter FED UP With Israeli Spokesperson’s Lies
9 years ago 00:22:33 2
Keiser Report: Fed power & American-Chinese wages convergence (E860)
5 years ago 00:25:14 1
Keiser Report: What is the Fed hiding? (E1457)
2 years ago 00:03:42 1
Trump reportedly told Fed’s Powell that he’s ’stuck’ with him
8 months ago 00:04:32 1
’This is a good economy’: Fed Chair after blockbuster jobs report
2 years ago 00:00:31 29
Baki edit / Fed Up
6 years ago 00:02:34 4
「AMV」- Anime Mix - Fed Up
2 years ago 00:00:41 2
JOKER || Fed Up ||
1 year ago 00:34:01 1
Inflation, Europe’s energy crisis, and the Fed with Richard Wolff | The Chris Hedges Report
3 years ago 00:08:50 1
Crypto Pumping After RARE Buy Signal! New Fed Report On Crypto And Regulation COMING SOON!
2 years ago 00:05:36 1
Fed Raises Interest Rates %
6 years ago 00:03:43 1
(RARE) Mid-Day Status Post Fed. FREAK SHOW Special Report. By Gregory Mannarino
8 months ago 00:13:21 30
Fed Chair Jerome Powell: The 2024 60 Minutes Interview
4 years ago 00:32:51 1
BEING FED BY GOD Mass during Isolation
10 years ago 00:05:01 4
HOCICO “Fed up“ (Moscow, )
5 years ago 00:36:27 2
Meet Your New FED Chairman: Donald J Trump
7 years ago 00:02:56 10
Olivier Awards: Are Gary Barlow and Tim Firth fed up of each other yet?
5 years ago 00:21:48 1
New York Post Reports Feds Investigating Alexandria Ocasio-Cortez Campaign Finance Issues
6 months ago 00:08:02 1
Reporter gets FED UP as Karine Jean-Pierre keeps Blaming Republicans for Joe Bidens FAILURES
2 years ago 00:03:30 1
Jim Cramer reacts to May’s inflation report: The Fed should raise rates by 100 basis points