https://twitter.com/macrodidact/status/1098172413337051137
“Surveys show increased credit card debt and lower savings in 2019” @Bankrate @SoberLook
H/T @LizAnnSonders @DiMartinoBooth pic.twitter.com/vYHUAhH4ep
— The Long Game (@7LongGame) February 18, 2019
Deficit will be worse & debt will be higher than what CBO is forecasting if @GoldmanSachs’ estimates are right@SoberLook pic.twitter.com/hu16JMV8vX
— Liz Ann Sonders (@LizAnnSonders) February 12, 2019
One of the remarkable things about America’s "free market economy" is that securitzation by the government sponsored enterprises continues to back c. 50% of total US household debt! @MoodysInvSvc via @SoberLook pic.twitter.com/pBtOIJOOcg
— Adam Tooze (@adam_tooze) February 15, 2019
Chart: US consumer credit as a fraction of disposable personal income –
Revolving credit is mostly credit card debt;
Nonrevolving is mostly student debt and car loans. pic.twitter.com/K1oRV9XRpe— (((The Daily Shot))) (@SoberLook) February 8, 2019
https://twitter.com/OccupyWisdom/status/1098189456014802944
Peter Schiff recently appeared on RT News with Rick Sanchez. Peter said both an economic and a political crisis is looming, and Americans need to get ready.
Sanchez started out the interview noting that the extreme levels of household debt. As we’ve reported US consumer debt is approaching $4 trillion. When you include mortgages in the equation, Americans are some $15 trillion in debt. But Peter said household debt is just the tip of an even more massive debt iceberg.
https://schiffgold.com/videos/peter-schiff-get-ready-for-an-economic-and-political-crisis-video/
Gold Telegraph Research: 🔥🔥
Consumer Debt up 50% Since 2008…
• In the first quarter of 2018, Americans owed $3.824 trillion, up 5.1 percent from the same time period last year.
• Automobile loans have increased to $1.1 trillion
• Credit card debt rose to $977 billion pic.twitter.com/MJUztdICJL
— Gold Telegraph ⚡ (@GoldTelegraph_) May 10, 2018