Debt and Deficits
Sunday , 24 January 2021

Debt & Deficits

Debt Delinquencies: What Comes Next Won’t Be Exactly ‘A Good Time’

There is a strong correlation – both historically and logically – between interest rates and credit card debt delinquencies. As rates rise, outstanding debt burdens become difficult to service so, until the Fed reverses their tightening, things will only worsen for credit-card users from here. That’s why a serious question needs to be asked: with auto loans, student loans, and credit card delinquencies all on the rise – and we’re not even in a recession – what can we expect from here?

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U.S. Debt Per Dollar Of GDP Growth Continues To Go Ballistic

The U.S. and global economies are choking on a massive amount of debt. While Wall Street and the mainstream financial media continue to rationalize the skyrocketing debt as merely the cost of doing business, the disintegrating fundamentals point to an economic catastrophe in the making. [Indeed,] when the massive amount of debt finally implodes, it will take down the values of most stocks, bonds, and real estate. This is not a matter of "if,” it’s a matter of “when” and it seems as if the "when" is quickly approaching.

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Does New Debt Add to GDP Or Put A Drag On Growth? This Chart Provides the Answer

We have lived through a credit induced holographic standard of living considered to be “normal”. Never...has a genuine lifestyle been funded continuously on credit. Each attempt always failed miserably. The only difference today is that more of the world is involved along with more credit used than ever before. The only logical conclusion is this latest credit experiment to fund lifestyle will fail on a far grander scale than ever before!

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U.S. Has Imposed $60 Billion In Annual Tariffs Against China

Trump is following through on a long-time threat that he says will punish China for intellectual property infringement and create more American jobs. Effective this Friday, the Trump administration will be imposing tariffs on up to $60bn of Chinese goods, or roughly 13% of goods imported from China and 2.75% of total US goods imported according to Danske Bank.

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