May 14, 2024
“…It’s well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt. “The consequences if we don’t act now are unbearable,” he said, echoing warnings from his predecessor and… Continue Reading…
May 10, 2024
https://finance.yahoo.com/news/addiction-debt-left-global-economy-120000094.html This article is more of an opinion piece without much hard data so I’ll just comment on the headline instead of quoting the article. This economy is going down. Everyone can see it. Everyone knows it. It’s only a… Continue Reading…
May 9, 2024
“…The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans. The average credit-card balance for 22- to… Continue Reading…
April 30, 2024
“Financial adviser Matthew Wilson recently got a frantic email: A client wanted to dump their stockholdings as soon as possible. The reason? Stocks had staged a big run-up in recent months, and the client was worried that the market was about to get rocky… Continue Reading…
April 18, 2024
“The International Monetary Fund leveled an unusually direct criticism at US policymakers Tuesday, saying the country’s recent standout performance among advanced economies was in part driven by an unsustainable fiscal policy…” https://www.bloomberg.com/news/articles/2024-04-16/imf-steps-up-its-warning-to-us-over-ballooning-debt The U.S. has unsustainable debt. It doesn’t take a rocket… Continue Reading…
April 2, 2024
“National debt is fast becoming the thorn in the side of the American economy that nobody wants to extract—and it will continue to cause damage, sending the U.S. into financial crisis and 10 years of stagnation. That is increasingly the opinion of… Continue Reading…
March 21, 2024
“…Two years after the Federal Reserve began hiking interest rates to tame prices, delinquency rates on credit cards and auto loans are the highest in more than a decade. For the first time on record, interest payments on those and… Continue Reading…
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