The impossible feat: Trying to fix a debt problem with more debt. The US consumer is largely responsible for the economy of the US. However, that consumer has less and less disposable income and more and more debt. The bigger this becomes, the worse the crisis becomes. What do you think will happen with the debt? Will it be forgiven? Or will it crush them?
While we have a massive stock market rally, the Fed pumping billions into the markets every single day, the real economy is not being supported by fiat fantasy. Instead, it’s being made worse and eventually, this pain will have to be felt. Nothing can be papered over. Today, we see the consequences of massive debt. How they’re all interconnected with derivatives and the magnitude of trillions of debt that will never be paid back. This cannot be resolved and will surely spiral out of control.
New York Fed Adds $115.14 Billion in Short-Term Liquidity to Markets – WSJ
Repo and Reverse Repo Operations – Federal Reserve Bank of New York
Global debt surges to record high $188 tn: IMF chief
1 in 4 Americans defaulted on their student loans, study finds – CBS News
Student Loans Owned and Securitized, Outstanding (SLOAS) | FRED | St. Louis Fed
Motor Vehicle Loans Owned and Securitized, Outstanding (MVLOAS) | FRED | St. Louis Fed
Alternate Gross Domestic Product Chart
The No. 1 reason you’re still broke even if you received a pay raise last year – MarketWatch
Rail News – U.S. freight railroads log another traffic decline. For Railroad Career Professionals
1 in 3 San Francisco residents wants out, according to city survey – SFGate
691,000 people moved out of California last year. Here’s where they went. – SFGate
Sears owner gets $250 million lifeline, to shut another 96 stores
Weekly US and UK Store Openings and Closures Tracker 2019, Week 44: US Store Closures Total Nears 9,000 | Coresight Research
Daily Job Cuts – Layoffs, Job Layoffs List 2019 / 2018 , News , Bankruptcy, Store closings, Business Economy News