Commodity Trade Mantra

Posts Tagged ‘Consumer Debt’

Why The US Consumer Will Cause The Next Crisis

The market is materially mispricing the strength of the US consumer whose weakness will lead the US economy into a recession in Q117. The divergence is a result of the top 40% of earners who have accrued 84% of all new income and only 34% of new debt since 2013. This strength has driven headline sales figures and accounted for nearly all deleveraging since the financial crisis.

United States Of Debt: Total US Debt Hits A New Record Of Nearly $60 Trillion

What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, the U.S. is in 59.4 trillion dollars in debt. And most of this debt has been accumulated in recent decades.

The Greatest Debt Crisis The World Has Ever Seen Is Coming

This debt crisis is going to end up destroying the global financial system and the unprecedented debt binge seen right now is going to continue until someday we hit a brick wall of financial disaster. We can yell and scream, but what is happening isn’t going to stop.

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