The Phantom Debt Trap: How $1.2 Trillion in Hidden Consumer Debt Triggered Thursday's Market Crash
1. Surging margin debt and plummeting consumer sentiment indicate market fragility. 2. Consumer spending, essential for GDP, is weakening amid rising debt levels. 3. Nvidia's strong earnings failed to rally due to debt concerns and sentiment decline. 4. 71% of households expect rising unemployment, impacting consumer expenditure during holidays. 5. Fed faces a dilemma, affecting market support and interest rate decisions.