As the SlopeCharts of credit card debt clearly shows, the gluttonous appetite for mass-produced garbage is almost limitless in America. Any chastening from the financial crisis is a distant memory at this point.
As I’ve suggested many times this year, retail is eventually going to get hammered, and Mr. and Mrs. Minivan find their maxed-out credit cards start getting declined even for the purchase of a Triple-Big-Mac with Bacon. Once the fund below cracks 35.92, game over,man.
