US Household Saving Rate Vanishes, Credit Card Debt Soars
By Daniel Lacalle The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the…
Debt
Shocking Consumer Credit Numbers: Everyone Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the April consumer credit report from the Federal Reserve was another shocker…
Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the March consumer credit report from the Federal Reserve was an absolute shocker…
Plunging Bond Market Signals Trouble Ahead
By Stefan Gleason As Russia appears to be on the verge of defaulting on its debt, the U.S. debt market is also signaling trouble ahead….
Shocking Consumer Credit Numbers: Credit Card Debt Soars With Savings Long Gone
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the February consumer credit report from the Federal Reserve was an absolute stunner…
New National Debt Milestone Signals Currency Crisis Ahead
By Stefan Gleason The U.S. reached a $30 trillion milestone this week. Instead of signifying a great achievement, though, it serves as a dire warning…
US Debt Hits $30 Trillion For The First Time
By Tyler Durden Congratulations, America: it took just over 245 years but as of the last day of January, the country’s debt just crossed above…
Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner…
Personal ATMs Are Back: Homeowners Tapping Into Equity In Biggest Drawdown Since 2007
By Tyler Durden After 18 months of exploding real estate prices, US homeowners are tapping into home equity at rates not seen since the beginning…
Shocking Numbers Show Government Crowding Out Real Economy
By Clint Siegner The stampede of dollars into the gold and silver markets has not yet begun. There is record demand for coins, rounds, and…
4 Scary Charts Show How Fast the Federal Government is Heading Toward Fiscal Disaster
By Brad Polumbo The national debt is rapidly closing in on $29 trillion. The federal government now owes an astounding $228,999 per taxpayer. All the…
#MintTheCoin: Economist Explains Problem With Just Minting $1 Trillion Coin to Pay the Government’s Bills
By Brad Polumbo Gridlock in Washington, DC continues amid a fight over raising the debt ceiling, the legal limit on how much the federal government…
The Fed’s “Dangerous” Path Toward Debt Monetization
By Stefan Gleason A prominent U.S. senator just called the head of the nation’s central bank “dangerous.” Unfortunately, the true dangers of U.S. monetary and…
The U.S. Government Plans to Default on Debt the Dishonest Way
By Mike Gleason Debt troubles in China and Washington, D.C. helped boost safe-haven demand for precious metals early this week. By Thursday, however, investors piled…