US News

2048 readers

30 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

muad_dibber@lemmygrad.ml

US Banks Sound Alarm On Lower-Income Struggles Before Election (www.benzinga.com)

submitted 4 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

4 comments fedilink hide all child comments

top 4 comments

sorted by: hot top controversial new old

[–] davel@lemmygrad.ml 12 points 4 months ago (1 children)

Funny how they don’t mention the loss of wages, when the whole point of the Fed raising interest rates was to discipline labor. This was predictable, as was the increase in loan defaults.

[–] yogthos@lemmygrad.ml 5 points 4 months ago

indeed

[–] Idliketothinkimsmart@lemmygrad.ml 11 points 4 months ago* (last edited 4 months ago)

Most people definitely used up that stimulus money in less than a months time. I'm not surprised to see they think people were still using that money till now.

[–] PoY@lemmygrad.ml 6 points 4 months ago

wait there's an alarm they could have sounded this whole time?