The U.S. Now Has:

1. Record $17.5 trillion in household debt

2. Record $12.3 trillion in mortgages

3. Record $1.6 trillion in auto loans

4. Near record $1.6 trillion in student loans

5. Record $1.1 trillion in credit card debt

Total mortgage debt is more than double the…

— The Kobeissi Letter (@KobeissiLetter) February 7, 2024