MEGA Debt Default Wave Biggest IN HISTORY Coming as Bankruptcies Hit 2009 Level!

There are historic times we have read about. We’ve studied them. We’ve learned the details inside and out. Today, right now, is one of those times. We’re living in a monumental time where history is being made. The trouble is that what’s coming is not good. There will be bright spots. There will be winners. But the vast majority will be wiped out of the middle class, subsisting off never ending government stimulus and the consistent increase in taxation. Not a good combination for stability and prosperity. But no worries, the Fed will fix it.

 

Some investors are making the biggest bet against the stock market in nine years

www.cnbc.com/2020/06/23/some-investors-are-making-the-biggest-bet-against-the-stock-market-in-nine-years.html

U.S. Bankruptcy Tracker: Filings Soar to Match 2009 Record

news.bloomberglaw.com/bankruptcy-law/u-s-bankruptcy-tracker-filings-soar-to-match-2009-record

U.S. Home-Mortgage Delinquencies Reach Highest Level Since 2011 – Bloomberg

www.bloomberg.com/news/articles/2020-06-22/u-s-home-mortgage-delinquencies-reach-highest-level-since-2011

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Fink Cautions Virus Impact on Small Businesses Still Unknown – Bloomberg

www.bloomberg.com/news/articles/2020-06-23/small-companies-facing-virus-uncertainty-says-blackrock-s-fink?utm_source=google&utm_medium=bd&cmpId=google

Brookfield skips payments while demanding tenants pay up | Financial Times

www.ft.com/content/0a09ef0c-bf72-4680-89b6-e9ad7cd8c048

Third of U.S. Shale Near Technical Insolvency, Deloitte Says – Bloomberg

www.bloomberg.com/news/articles/2020-06-22/a-third-of-u-s-shale-near-technical-insolvency-deloitte-says#:~:text=Almost%20a%20third%20of%20U.S.,record%20low%20earlier%20this%20year.

Americans putting off traditional goals like marriage, having kids for financial security – Study Finds

www.studyfinds.org/americans-replacing-traditional-goals-like-marriage-having-kids-with-financial-security/

Junk Bonds Topple Monthly Sales Record in ‘Party Like No Other’

finance.yahoo.com/news/junk-bonds-topple-monthly-sales-214812312.html

‘We Never Agreed to Full Transparency.’ Treasury Secretary Steven Mnuchin Defends Limits on Paycheck Protection Program Disclosures | TIME

time.com/5857184/steven-mnuchin-paycheck-protection-program/

Key Support for the Economy May Be About to Buckle – WSJ

www.wsj.com/articles/key-support-for-the-economy-may-be-about-to-buckle-11592908200

Every Federal Reserve Board Member Is A Multi-Millionaire – BIG by Matt Stoller

mattstoller.substack.com/p/every-federal-reserve-board-member

Vladimir Putin announces tax hike on Russia’s top earners in latest presidential address

rtvi.com/news_en/putin-announces-tax-hike-on-top-earners/