5 Sep 2023 11:18 am
Ourselves!nefarious101 » 05 Sep 2023, 8:24 am » wrote: ↑ Remember "Cash for Clunkers"...or how about "no question asked loans"
america's better at it than anyone...we owe $96,000 for each american living...more than the combined GDP of China, Japan, Germany and United Kingdom.
We spend almost 2 billion a day on interest between january and june of this year we spent over $652 billion on the debt...that $1.3 trillion a year spent on debt.
Since 2020...$1.2 trillion spent is unexplained...missing
The average joe is finally paying off their debt right now based on government numbers for the first time since the 2008 crisis.
Small business loans are drying up....interest rates as high as 9%
small business bankruptcies are spiking
2010 we had at the height of US Corporate Bankruptcies at 827 as of june this year we have already had over 400
Companies in Consumer Discretionary experienced 48 bankruptcies
Industrials 45
Healthcare 39
financials 26
energy 14
consumer staples 14
information tech 11
communications 7
materials 5
real estate 4
utilities 3
March 2020 they started raising interest rate....rates now are still on an 18 month lag on rates raised since...they have raised it 17 times
Speculative debt is rapidly rising....both US and worldwide
If you are pointing fingers, you more than likely are sitting in a **** personal financial position.
Hey, you have to blame someone!