Does This Sound Like A Healthy Recovery To You?

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1. #Subprime Auto Loans

Currently defaulting at highest rate in TWO DECADES

2. Student Loans

11% are delinquent out of $1,480,000,000,000 TRILLION worth of debt……..so about $154,000,000,000 BILLION

3. Credit card delinquency rates (not top 100 banks by assets)

Blasting through the 2008 financial crisis %

4. While mortgages seem okay for now, mortgage rates are rising. Rising rates > less demand > lower prices and eventually underwater mortgages and oversupply. Another housing debacle is brewing.

5. Does this sound like a healthy recovery to you?

SO, WE HAD A #DEBT PROBLEM IN 2008. ITS 2018 AND WE HAD AN AMAZING RECOVERY RIGHT?
(Read full thread)

Consumer debt components:

🏡 #Mortgages
🚗 #AutoLoans
💳 #CreditCards
📖 #StudentLoans

Debts much higher today….let’s check in on individual components

twitter.com/OccupyWisdom/status/1004919927202074624

He Said That! The Bernank Says US Economy Will Crash In 2020

Bernanke, the same man who once charged a room full of bankers $250,000 for the sage projection that interest rates would never normalize during his lifetime, now believes the US economy, which in May entered the second-longest period of expansion in modern history…… is headed for a “Wile E. Coyote” moment in 2020, just in time for Trump re-election, according to Bloomberg.

Speaking at the American Enterprise Institute, Bernanke echoed Bridgewater’s biggest concern about the sugar high facing the US economy for the next 18 months, saying that the stimulative impact from Trump’s $1+ trillion fiscal stimulus “makes the Fed’s job more difficult all around” because it’s happening at a time of very low unemployment; it also means that the more supercharged the economy gets thanks to the fiscal stimulus, the greater the fall will be when the hangover hits.

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