White House Unveils Details Of Biden’s $2.25 Trillion Infrastructure Plan, Massive Tax Hikes
By Tyler Durden After weeks of waiting with investors hanging on every new detail, President Joe Biden is expected to unveil the first part of…
Debt
Stimulus Addiction Disorder: The Debt-Disposable Earnings Pyramid
By Charles Hugh-Smith One glance at this chart explains why the status quo is locked on “run to fail” and will implode in a spectacular…
Congress Urged to Take “Immediate Action” to Stop Debt Collectors From Snatching Relief Checks
By Jake Johnson Direct payments from the newly approved coronavirus relief package began landing in people’s bank accounts with striking quickness this weekend, but a…
The US Money Supply Was Up 37 Percent In November
By Ryan McMaken In November, money supply growth rate was essentially unchanged from October and remains near September’s all-time high. The stabilization we find in money-supply growth…
Mapped: The Risk Of Eviction And Foreclosure In U.S. States
By Tyler Durden Alongside potential obstacles such as job loss, financial insecurity, and a subsequent inability to cover many upcoming bills, Visual Capitalist’s Avery Koop…
Danger Ahead as Markets Detach from Fundamentals
By Clint Siegner Americans may start the New Year without certainty as to who will be sworn in as president on Inauguration Day. President Donald…
2020 Is Ending With 93% Of Global Economies Contracting … With Markets At All Time Highs
By Tyler Durden As BofA’s European credit strategist, Barnaby Martin, puts it in one of the final issues of his European Credit Strategist report for…
US Budget Deficit Triples To Record $3.1 Trillion In 2020 As US Spends 90% More Than It Collects
By Tyler Durden Those who have been following the record surge in US public debt (excluding the roughly $100 trillion in off-balance sheet obligations), which…
Americans Skip MILLIONS of Payments In Aftermath Of Government-Imposed Lockdowns
By Mac Slavo The worst is yet to come. Americans have skipped payments on more than 100 million student loans, auto loans, and other forms…
Here Comes The Wave: Loan Defaults Hit 6-Year High
By Tyler Durden Two weeks ago, when looking at the recent flurry of chapter 11 filings and a striking correlation between the unemployment rate and…
US Banks On Hook For $150B In “Frozen Loans” As Millions Skip Credit Card And Car Payments
By Tyler Durden One month ago, after the banks reported Q1 earnings, we showed that the major US money center banks saw their loan loss…
What You Need to Know About Govt. Grants, Loans, and Forbearance to Survive the Pandemic Economy
By Dianne Kennedy We learned a lot from the 2008-2009 Great Recession. As a CPA and real estate investor, I learned that sometimes there was…
Coronavirus Crisis: The Virus Will Bankrupt More People Than It Kills
By Mac Slavo The real crisis of the coronavirus is that it’s going to bankrupt more people than it kills, especially in the United States….
Investigation Reveals State Arresting, Jailing Citizens Over Unpaid Medical Bills
By Matt Agorist Coffeyville, KS — A bombshell investigation from ProPublica revealed that law enforcement in Kansas is running a debtor’s prison and throwing people…