US Household Debt Breaks Another Record
Americans having an increasingly hard time making payments
Tag: debt
Debt Crisis In America: A Record Number Of Americans Are Behind On Car Payments
Why are people buying six or seven year car loans???
Debt Crisis In America: A Record Number Of Americans Are Behind On Car Payments
Why are people buying six or seven year car loans???
Survey: Over 50% of Teens Want Lenders to Forgive $1.5 Trillion in Student Loan Debt
Forty-five percent want future employers held responsible for paying off loans
China Rocked By Two Biggest Corporate Defaults Yet
China to enter recession?
Domestic Buyers Propping Up Bond Market
If domestic appetite for US debt starts to wane, US Treasury will find itself in quite a pickle
The Demise of the Dollar: Don’t Hold Your Breath
The demise of the U.S. dollar has been a staple of the financial media for decades. The latest buzzword making the rounds is de-dollarization, which describes the move away from USD in global payments. De-dollarization is often equated with the demise of the…
Earth’s Economy Glorifies Waste, Exploitation, Debt, Expediency and Magical Thinking
How would extraterrestrial anthropologists characterize Earth’s dominant socio-economic system? It’s not difficult to imagine their dismaying report: “Earth’s economy glorifies waste. Its economists rejoice when a product is disposed as waste and replaced with a new product. This waste is perversely…
How to Get Out of Debt Even on a Low Income
Getting out of debt is hard on its own because a large part of what’s supposed to be disposable income goes down the drain. We are used to paying money in exchange for goods or services but you won’t get…
How to Get Out of Debt Even on a Low Income
Getting out of debt is hard on its own because a large part of what’s supposed to be disposable income goes down the drain. We are used to paying money in exchange for goods or services but you won’t get…
RBS GRG – Three Myths We’ve Been Spun About the RBS Grim Reaper Group
Since evidence of RBS Global Restructuring Group (GRG) deliberate “Dash for Cash” strategy of targeting and destroying viable and profitable SME businesses for profit was broken by Buzzfeed and BBC News on Monday 10 October, several myths have emerged in…
Why the Coming Wave of Defaults Will Be Devastating
In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008…
Why Helicopter Money Won’t Push Stocks Higher
The possibility that Japan might launch helicopter money stimulus sent global stock markets soaring in a paroxysm of pleasurable anticipation. But exactly what is helicopter money and what connection does it have to stock valuations, if any? Broadly speaking, helicopter…
We’re in the Eye of a Global Financial Hurricane
The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from the future to fund today’s consumption has failed. The…
Hospitals pressured to cook books, downplay debt – NHS whistleblower
‘NHS hospitals face pressure from regulators to cook their books and downplay the size of their deficits, a finance director turned whistleblower has said. In anonymous evidence given to the House of Commons Public Accounts Committee (PAC), the finance chief told MPs he and his colleagues are concerned that national regulators are pressurizing NHS providers […]
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