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Don’t worry, be happy, cause the talking heads told me so. 99% of americans. The coming economic collapse will the 1930’s look like a party.
Full employment, but record credit card defaults? Maybe that full employment thing isn’t correct. Toxic student debt near a trillion bucks. Auto loans defaulting. Real estate loans defaulting. What are they trying to tell us? Hmmm?
of the 43 million student loan holders, excluding those in school currently and those in default, over the las three years how many have been paying the monthly installment? well, the answer is 500K of 30 million.
(remember, I excluded those still in school and those already in default)
The commercial real estate implosion has happened. The residential implosion is now in play. Interest rates are going higher. The Fed will protect the dollar. If it fails to do that, it’s game over.