• L7HM77@sh.itjust.works
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    28 days ago

    2010, vaguely remember a change in credit/debt reporting related to the crash. Found this while searching, rules changed in July 2010. In theory, actual debt didn’t change, but it shows how vastly accounting can shift numbers around. Is the data accurate now?

    2020, consumer debt ‘only’ dropped by ~120 billion, supposedly ~3 trillion was distributed through stimulus, kinda lines up.