The Corporate Debt Bubble Is A Train Wreck In Slow Motion
By Brandon Smith There are two subjects that the mainstream media seems specifically determined to avoid discussing these days when it comes to the economy…
Debt
To “Make America Great Again” Trump Added a $1 TRILLION Deficit in 2019 — Just Like Obama
By Michael Maharrey The Trump administration ran an Obamaesque budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget…
US Debt Got Us Hooked on Petrodollars — and on Saudi Arabia
By Ryan McMaken The Iranian regime and the Saudi Arabian regime are longtime enemies, with both vying for control of the Persian Gulf region. Part…
Consumers Are Likely Running Out Of Cash And Available Credit To Power The Economy
By Mac Slavo The rampant consumerism in our society is what many say is driving the economy right now. But according to data points, many…
While Drowning In A Sea Of Debt, Americans Grab Fed’s Inflatable Life Raft Filled With Broken Glass and (Surprise!) More Debt
By Charlie Robinson America is so rich that money grows on trees. Well, if one considers credit cards and debt to actually be money, then…
Elephant in the Room: Why Nobody Talks About Ballooning Federal Deficits
By Clint Siegner The presidential race will mesmerize Americans over the next 11 months. The country hasn’t been this polarized since the Civil War. Voters…
47 Percent Of GDP — This Is Definitely The Scariest Corporate Debt Bubble In U.S. History
By Michael Snyder We are facing a corporate debt bomb that is far, far greater than what we faced in 2008, and we are being…
Black Friday Is Coming, And 48 Million Americans Still Have Holiday Debt From Last Year
By Michael Snyder The biggest shopping day of the year is almost here, and marketers are working hard trying to extract as much money from…
Onerous Loan Terms Are Crippling Already Broke Subprime Auto Buyers
By Tyler Durden As the bubble in subprime auto continues to grow bigger – even at the same time the auto industry is mired in…
Global Debt Is Up To $188,000,000,000,000 – This Is Officially The Biggest Debt Bubble The World Has Ever Seen
By Michael Snyder The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year. It is a form…
Bad Loans at Big British Banks Jump Over 50% in a Year
By Lubomir Tassev Shaken by the never-ending saga around Brexit and the global slowdown, the British economy is now showing signs that point to an…
Millennials With Student Debt Are Getting Crushed The Most In These Ten Cities
By Tyler Durden SmartAsset, a personal finance technology company, has published a new study that identifies certain US metropolitan areas with the highest student loan…
Odd Economic Numbers: Consumer Confidence Falls, But Consumer Spending Remains High
By Mac Slavo While consumer confidence has fallen yet again, consumer spending remains high. In fact, for the third straight month, consumers have been losing…
Here Is The Secret Cost Behind All Those “Free” Credit Card Perks
By Tyler Durden Despite the fact that the Fed insists on keeping interest rates low, many credit cards are actually raising rates for consumers, according…