Credit card delinquencies climb
Summary
Kyle Ritzdahl discusses the confusing U.S. economy with Kyla Scanlon, highlighting Fed challenges and "financial nihilism" among young people. The show reports on rising HELOC usage and record credit card delinquencies. Evan Osnos analyzes China’s tech rise and global geopolitical "unorder," while small business owners share insights on hiring difficulties and tariff impacts.
Topics discussed
Sponsor: Capital One Venture X Card
Introduction and guest Kyla Scanlon
Economic outlook and Federal Reserve challenges
Younger generation spending and financial nihilism
Wall Street reaction to inflation data
Rise in Home Equity Lines of Credit (HELOCs)
Credit card delinquencies at post-recession highs
Market numbers and housing sales update
Sponsors: Odoo, Vanta, and Raymond James
Interview with Evan Osnos: China's quiet transformation
China's tech strategy and housing bubble aftermath
US-China tech competition and global order
Future of AI and societal impact in China
Small business optimism and hiring challenges
Impact of tariffs on small business costs
Closing notes on oil prices and credits
Listener survey promotion
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