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The State of the American Debt Slaves, Q1 2020
The State of the American Debt Slaves, Q1 2020 How are consumers positioned going into the crisis? Most of the first quarter was still the Good Times, but in later February and early March it hit the fan, as markets were crashing. In mid-March lockdowns started to roll across the country, and the layoffs by […]
Energy Collapse, Earnings Ennui, & Consumer Credit Cracks
Energy Collapse, Earnings Ennui, & Consumer Credit Cracks Summary: The energy sector has lost extraordinarily $1.15trn in market value this year as oil prices have plunged to almost unimaginable levels. In this equity update we provide investors with different ways to play the havoc in the energy sector. We also take a look at earnings this week […]
No One Gets Out Of Here Alive
NO ONE GETS OUT OF HERE ALIVE “The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to […]
Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way
Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty. Turkish President Recep Tayyip Erdoğan has launched a raft of measures ostensibly designed to reanimate the economy, including offering direct financial support for […]
The State of the American Debt Slaves, Q3 2018
The State of the American Debt Slaves, Q3 2018 Consumers are being lackadaisical again with their plastic. Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, but no cigar, $4 trillion, or more precisely $3.93 trillion (not […]
The State of the American Debt Slaves, Q1 2018
The State of the American Debt Slaves, Q1 2018 After the party, the hangover. Total consumer credit rose 5.1% in the first quarter, compared to a year earlier, or by $184 billion, to $3.824 trillion (not seasonally adjusted), according to the Federal Reserve. This includes credit-card debt, auto loans, and student loans, but not mortgage-related […]
Household Debt Rises By $572 Billion, Ends 2017 At All Time High
Household Debt Rises By $572 Billion, Ends 2017 At All Time High After we first reported last week that US credit card, student and auto debt all hit record highs in December of 2017… … it should not come as a surprise that according to the just released latest quarterly household debt and credit report […]
The State of the American Debt Slaves
The State of the American Debt Slaves It was one gigantic party. But wait… Total consumer credit rose 5.4% in the fourth quarter, year over year, to a record $3.84 trillion not seasonally adjusted, according to the Federal Reserve. This includes credit-card debt, auto loans, and student loans, but not mortgage-related debt. December had been […]
China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge
China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge Here is a brief sample of some of the measures the Chinese government and the PBOC have unleashed in just the past ten days to prop up the crashing market include: a ban on major shareholders, corporate executives, directors from […]
We Might As Well Face It – America Is Addicted To Debt
We Might As Well Face It – America Is Addicted To Debt Corporations, individuals and the federal government continue to rack up debt at a rate that is far faster than the overall rate of economic growth. We are literally drowning in red ink from sea to shining sea, and yet we just can’t help […]
Canadians’ Non-Mortgage Debt Jumps To $1.5 Trillion As Car Loans Lead The Way
Canadians’ Non-Mortgage Debt Jumps To $1.5 Trillion As Car Loans Lead The Way. TORONTO — Canadians continue to pile on debt and now collectively owe more than $1.5 trillion excluding mortgages, according to the latest figures from Equifax Canada. The consumer credit rating agency says the level at the end of the third quarter was […]
