Credit card delinquency is the new big short

I urge everyone to read this article carefully.

https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/

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More people are using their credit cards, to fight inflation. Put their income is not enough to live by. So they racking up credit card debt,

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https://preview.redd.it/i6jzbg42ktea1.png?width=1183&format=png&auto=webp&v=enabled&s=a831639ac2fc44a4fe795e48454d49543501a0e9

People are using debt to buy simple stuff like food and shit.

Reference:

https://www.nerdwallet.com/blog/average-credit-card-debt-household/

https://www.creditcards.com/statistics/credit-card-delinquency-statistics-1276/

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I might be very early. But I am seeing a trend like 2008 here.

Play: Shorting / Put options for the following companies:

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American Express

Discover

Paypal

Visa

Capital one financial

Mastercard