[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Eating “People’s Feed”, Ordering Takeout on Installments—Many in China Are Really Close to Starving Toxic Fallout: NC Lawmakers Face Fire Over Monsanto 'Get-Out-Of-Jail-Free' Provision Feminists Are Begging For Men To Come Back But Still Blame Them For Everything $5.5TN In Balance Sheet Capacity Unlocked: Assessing The Impact Of SLR Changes For Big Banks 11 Signs That The Entire Country Is Facing Enormous Economic Challenges Right Now Israel used depleted uranium bombs in Iran strikes: Netanyahu halts aid to northern Gaza in bid to protect govt coalition This is why Israel agreed to the ceasefire After a Year-and-a-Half of Public Beatings, Caitlin Clark May Be Finished Photos show damage in Haifa and Tel Aviv from Iranian missiles RFK Jr and Joe Scarborough — “WeÂ’re going to find out Thimerosal (mercury) causes Autism” Women, Do NOT Go To India! Wall Street Panics As Socialist Set To Take Over New York, REITs Tumble At The Idiocy Of It All "Israel doesn't have much time left and they are out of money" Col. Douglas Macgregor I got banned on X for a week DEMOCRAT INSURRECTION IN PROGRESS Joe Rogan Takes Down Bernie Sanders on Climate Change and Higher Taxes Gold: Germany (and Now Italy) Want $245 Billion Back Enough is enough. You can’t monetize exercise and diet…this institution is ridiculous. US Went Beyond Its Proxy War Against Iran Jewish Tourist Viciously Assaulted Muslim Toddler in Moscow Thousands of Israelis 'flood' into Sinai desert raising alert level in Egypt Harvard-linked study finds Israel ‘disappeared’ nearly 400,000 Palestinians in Gaza, half of them children: Harvard-linked study finds Israel ‘disappeared’ nearly 400,000 Palestinians in Gaza, half of them children: ‘No survivors’: Israeli media reveals details on latest Hamas ambush in Gaza Africa is tearing in HALF: Scientists detect deep Earth pulses beneath Ethiopia Russian Geran-2 drones now hunt heat targets in night strikes Mercury in High Fructose Corn Syrup JFK's Words. AIPAC's Deeds

National News
See other National News Articles

Title: Fed and Trump Can't Stop the Looming Financial Crisis as Bond Defaults and Credit Card Debt Delinquencies Skyrocket
Source: [None]
URL Source: https://citizenwatchreport.com/brac ... -debt-delinquencies-skyrocket/
Published: Jan 6, 2025
Author: Horse
Post Date: 2025-01-06 11:45:40 by Horse
Keywords: None
Views: 64

The U.S. economy is on the verge of crisis, with alarming indicators pointing to an inevitable downturn. The November 2024 Consumer Sentiment Index plunged to 71.8, reflecting widespread anxiety among Americans about their financial futures.

Credit card loan defaults have soared to levels not seen since the 2008 financial meltdown. In the first nine months of 2024, lenders wrote off $46 billion in seriously delinquent balances—a staggering 50% increase from 2023. Lower-income Americans are in dire straits, with Moody’s Analytics revealing their savings rate has hit zero, leaving them unable to make even minimum monthly payments.

(Also commercial real estate is collapsing. And the stock market is way over valued.)

Poster Comment:

Mortgage Crisis Looms in Canada: Arrears Rates Surge by 50%, and Its Just the Beginning. Even Earning $100K+ Are Drowning in Housing Costs.

https://citizenwatchreport.com/mortgage-crisis-looms-in-canada-arrears-rates- surge-by-50-and-its-just-the-beginning-even-earning-100k-are-drowning-in-housing- costs/

Post Comment   Private Reply   Ignore Thread  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]