Opinion: The ‘mother of all credit squeezes’ is coming — hang onto your wallet - MarketWatch
1. U.S. credit card debt is rising amid high-interest rates. 2. Housing market sales have drastically decreased, signaling consumer distress. 3. Consumer spending is focused on essentials, limiting discretionary purchases. 4. Tariffs are re-emerging, impacting costs and consumer decisions. 5. Economic stress hints at potential recession risks in the near future.