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News  ›  Benzinga

The Phantom Debt Trap: How $1.2 Trillion in Hidden Consumer Debt Triggered Thursday's Market Crash

Benzinga Logo Benzinga By Luis Flavio Nunes
The Phantom Debt Trap: How $1.2 Trillion in Hidden Consumer Debt Triggered Thursday's Market Crash

Market experienced a significant downturn as rising consumer debt, low consumer sentiment, and high margin debt created systemic financial fragility, challenging the AI investment narrative and revealing potential economic vulnerabilities.

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Despite strong earnings ($57.01B Q3 revenue), stock price dropped due to broader market concerns about debt and consumer spending sustainability