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Record 7 million Americans are 3 months behind on car payments, a red flag for economy
By Heather Long The Washington Post “The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market,” economists at the New York Fed [Read More]
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TRUMP TRAIN: US trade deficit narrows much more than expected
The U.S. trade deficit fell to $49.3 billion in November, the first decline after five straight months of increases. But on a year-over-year basis, the gap rose by 10.4 percent. [Read More]
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GLOBAL DEBT TOPS 244 TRILLION DOLLARS AS “NEARLY HALF THE WORLD LIVES ON LESS THAN $5.50 A DAY”
SOURCE: ZEROHEDGE The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of [Read More]
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90% Tax Rate: Liberals eyeing White House vie over setting highest tax rate
By Gabriella Muñoz – The Washington Times Democrats eyeing bids for the White House also are competing to see who is willing to go the highest in raising taxes. Rep. Alexandria Ocasio-Cortez, [Read More]
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World Economic Crash Coming
By Kenneth Stepp I usually try to not title my articles with clickbait, but the truth is, the world economy is a huge bubble. The abuse of derivatives, central [Read More]
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GE was once America’s most valuable company. Today it is fighting junk-bond status
Patti Domm CNBC Markets Editor General Electric stock has fallen to single digits and its investment grade bonds trade like high-yield debt, as the market bets it will continue to deteriorate [Read More]
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Stock Rout Erases 2018 Gains for S&P, Dow Indexes: Markets Wrap
By Vildana Hajric and Sarah Ponczek, Bloomberg News The sell-off in U.S. stocks accelerated, wiping out gains for the year in both the S&P 500 Index and the Dow Jones Industrial Average, [Read More]
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BUBBLE WILL BURST: 1000’s line up for 0-down-payment, subprime mortgages
Diana Olick | @DianaOlick Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to [Read More]
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As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military
Nelson D. Schwartz The federal government could soon pay more in interest on its debt than it spends on the military, Medicaid or children’s programs. The run-up in borrowing costs [Read More]