Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis
By Tyler Durden One month ago we warned that the toxic cocktail of Volcker-esque rates, which have pushed the average credit card APR to a…
Debt
The US Government Has a Weird Opportunity with the National Debt Right Now
By Simon Black, Sovereign Man By the time an army of 80,000 Russian troops invaded Ottoman territory in June 1853 at the outbreak of the…
A Ticking Time Bomb: A Huge National Debt Plus Rising Interest Rates
By Dr. Thorsten Polleit Those who have been predicting a recession in the United States and an associated stock market crash seem to be having…
US Debt Rises Above $33 Trillion For The First Time, Soars By $1 Trillion In 3 Months
By Tyler Durden On Sept 6, when looking at the latest daily debt numbers, we predicted that total US debt would hit the very special…
8 Signs That We Are Right On The Verge Of A Major Credit Card Debt Crisis
By Michael Snyder We aren’t quite there yet, but an enormous credit card debt crisis is definitely brewing. Americans are becoming increasingly dependent on their…
China Debt Crisis Bombshell: “Secretive” Shadow Banking Giant Managing 1 Trillion Yuan Misses Multiple Payments
By Tyler Durden No surprises here: those who have warned for the past 15 years that the relentless increase in China’s debt to new record…
U.S. Debt Downgrade Points to More Currency Debasement
By Mike Gleason As debt downgrade concerns push up bond yields, metals markets are facing selling pressure. Credit ratings agency Fitch this week issued a…
US Credit Rating Downgraded, Again
By Peter C. Earle US Treasury debt, the global benchmark for nominally “risk-free” securities, was downgraded for the second time in history late Tuesday. Fitch…
Visualizing Gold Price And US Debt (1970-2023)
By Tyler Durden Gold has long been considered a store of value and a hedge against economic uncertainty. Over the past five decades, its price…
Living in the Red: Average American Has Over $54,000 Worth of Debt
By Chris Melore What would you do to be completely debt-free? A new survey finds Americans would give up social media for a year (32%),…
America Has Less Than a Decade to Turn Itself Around
By Simon Black, Sovereign Man Well, that didn’t take long. From the time the US government managed to sign the debt ceiling resolution, it took…
Default by Inflation Is the Real Drama in the Global Debt Market
By Brendan Brown The real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by…
Debt Ceiling Deal Puts No Limits on Ukraine Aid
By Dave DeCamp The debt ceiling agreement reached between the White House and House Republicans places no constraints on spending on the war in Ukraine,…
Debt Ceiling Deal Keeps Dollar Locked in Devaluation Spiral
By Clint Siegner Fiscal hawks weren’t optimistic when Kevin McCarthy was elected Speaker of the U.S. House. The California Republican’s track record was dismal when…