Americans Are Tapped Out as Debt MAXED OUT as Delinquencies and Layoffs Rise!

Panic sets in when delinquencies rise too high. Just like in 2007 with subprime, it doesn’t take an extremely high percentage either. Just enough to break the derivatives. Look at how many people simply look at the percentage (which is still reasonably high) and suggest it’s not a problem. They don’t understand what derivatives are. End of story. What do you think is going on with consumer debt today?

 

Debt can expand for years. In fact it has to or else the system will collapse. There’s no possible way that this can go on forever and that’s why every so often a slowdown occurs and then we have an economic calamity. It’s a cycle. But what’s notable is that right now, Americans and for that matter, just about everyone in the world is in the most amount of debt they have ever been in, in history. But I just got pre-approved for another credit card so I guess, don’t stop the party just yet?

 

IMF cuts 2019 growth outlook again, says risks are ‘skewed to the downside’

www.cnbc.com/2019/04/09/imf-cuts-2019-growth-outlook-again-says-risks-are-skewed-to-the-downside.html

How Inflated Credit Scores Are Leaving Investors in the Dark

outline.com/Pb964d

Why American auto delinquencies are piling up – Business Insider

www.businessinsider.com/why-american-auto-delinquencies-are-piling-up-2019-3

South Florida Among Least Affordable Metro Areas In The World – CBS Miami

miami.cbslocal.com/2019/04/08/south-florida-among-least-affordable-metro-areas-in-the-world/

House Flipping Is Back to Pre-Crisis Levels. Here’s Why It’s Less of a Concern. – WSJ

www.wsj.com/articles/house-flipping-is-back-to-pre-crisis-levels-heres-why-its-less-of-a-concern-11554802201

The Average National Apartment Rent Kicks Off the Spring Rental Season at $1,430 – RENTCafé rental blog

www.rentcafe.com/blog/rental-market/average-national-apartment-rent-kicks-off-spring-rental-season-1430/

SocGen to cut 1,600 jobs globally after slump hits trading – BNN Bloomberg

www.bnnbloomberg.ca/socgen-cutting-1-600-jobs-in-blow-to-investment-bank-1.1241468

Sacramento wants to tax soda, tires, guns, water, pain pills, lawyers, car batteries… – Los Angeles Times

www.latimes.com/politics/la-pol-sac-skelton-soda-tax-20190408-story.html

Walmart to roll out thousands more robots in stores | Fox Business

www.foxbusiness.com/features/walmart-ups-its-stakes-in-robots-adds-thousands-more-in-stores

Walmart to add robots to US stores

finance.yahoo.com/news/walmart-adds-robots-to-us-store-fleet-040100670.html

Minimum wage hikes trigger ‘payroll tsunami,’ as small businesses cut back | Fox News

www.foxnews.com/politics/15-minimum-wage-hikes-payroll-tsunami-hurt-small-businesses

Massachusetts And New York Beginning To See The Ugly Side Of Minimum Wage Hikes

www.forbes.com/sites/panosmourdoukoutas/2019/04/06/massachusetts-and-new-york-beginning-to-see-the-ugly-side-of-minimum-wage-hikes/#14e0ecbd28a2

 

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