A renowned economist’s recent prediction mirrors earlier warnings by Tesla Inc. CEO Elon Musk and investor Michael Burry, highlighting the potential economic fallout due to surging credit card debt among American consumers. What Happened: Carl Weinberg, Chief Economist at High-Frequency Economics, on Wednesday, told CNBC that consumers are increasingly financing their spending by racking up credit card debts, with interest rates spiraling out of control, Business Insider reported. He anticipates a pullback in consumer spending, leading to an economic slowdown in the new year. “Consumers are ju…

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