Baytex Energy Corp T.BTE

Credit Card balances jumped highest in over 20yrs

[smallcaptdr]

Here I just did a search to back up my claims and this was just out on Aug 2nd...Credit Card Balances jump 13% the highest leap in over 20yrs as inflation outpaces wage growth. This confirms my belief that people are using credit cards as an income. Oil and NG will be the first to be sold off in a recession and recession trumps tightness or anything else!



https://www.cnbc.com/2022/08/02/credit-card-balances-jump-13percent-as-inflation-outpaces-wage-growth.html

[Tradestay]

anytime you read something jump % wise ask yourself whats the absolute value. This way you can better understand the % change. For example credit card balances did jump but the same articles states its still below pandemic levels as they were heavily paid down. This means the actual debt load of consumer did not really increase. Thus we need to know if things are now balancing out or truly