Tag Archives: debt

“U.S… Credit Card Debt Soars To An All-Time Record High”

“On Monday, the Federal Reserve announced that total consumer credit in the United States increased by a whopping 24.6 billion dollars in May, which was far greater than the 12.4 billion dollar gain that economists were anticipating. Total U.S. consumer … Continue reading

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“Savings… Near Record Lows As Americans Spend More Than They Make…”

“While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings … Continue reading

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“1 in 5 Americans have more credit-card debt than savings”

“One in five Americans say they have more credit-card debt than they do in emergency savings, according to a report published Thursday from the personal-finance company Bankrate. Another 12% said they had no credit card debt, but they also had … Continue reading

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“Feds Collect Record Taxes Through November; Still Run $201.8B Deficit”

“The federal government collected record total tax revenues of $443,715,000,000 in the first two months of fiscal 2018 (Oct. 1, 2017 through the end of November), according to the Monthly Treasury Statement. Despite these record tax revenues, the federal government … Continue reading

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“Venezuela… on brink of default”

“…a Venezuela debt default crystallized Wednesday, as the political crisis engulfing the sinking OPEC state deepened with a meeting set at the UN Security Council and the EU eyeing an arms embargo. Investors were bracing for what looked to be … Continue reading

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“IMF Says Venezuela’s Inflation Rate May Rise Beyond 2,300% in 2018”

“Venezuela’s triple-digit annual inflation rate is set to jump to more than 2,300 percent in 2018, the highest estimate for any country tracked by the International Monetary Fund.” https://www.bloomberg.com/news/articles/2017-10-10/imf-warns-against-complacency-even-as-global-growth-gains-steam This is the fruits of socialism; debt and destruction.

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U.S. – City of “Hartford Warns It Will Be Broke In 60 Days”

“the WSJ reports. “City officials warned Gov. Dannel Malloy, a Democrat, and state lawmakers that Hartford, which has a deficit approaching $50 million, wouldn’t be able to pay all of its bills within 60 days. Hartford officials said it would … Continue reading

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