# FinancialCrisis

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The total amount of US national debt has exceeded 37 trillion dollars for the first time.
Recently, it was reported that on August 12 local time, due to the U.S. federal government continuing to accumulate debt at a record pace, the total amount of U.S. national debt has for the first time exceeded $37 trillion. The latest data released by the U.S. Treasury shows that as of that afternoon, the total U.S. national debt had reached $37,004,817,625,842. Maya MacGuineas, chair of the Committee for a Responsible Federal Budget, stated that the U.S. fiscal situation is severely imbalanced, yet Congr
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Black recession week: The market has been in a continuous state of retreat, and the recession has officially sounded the alarm. After the non-farm data dragged down the US stock market and experienced a significant pullback, Buffett also sent a pessimistic signal to the market. Buffett has been dumping most of his chips, and the dumping wave in the entire US stock market has increased dramatically, exceeding everyone's expectations. After this round of big dump in the US stock market, it is still too early to catch the bottom and buy in. It is mainly about waiting patiently and then slowly buy
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📉 Credit Card Defaults in the U.S. Hit Highest Level Since 2008
The Financial Times reports that U.S. credit card defaults have surged to levels not seen since the 2008 financial crisis, reflecting worsening financial conditions for low-income consumers.
🔍 Key Factors Driving the Spike:
1️⃣ Inflation Pressure: Rising costs have eroded disposable income, making it harder for many to meet monthly payments.
2️⃣ Economic Strain: Low-income households are bearing the brunt of economic instability, further widening the wealth gap.
💡 This trend highlights the urgent need for financial education an
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