Category Archives: Debt

Peer-to-peer lending crisis in China fuels outcry

Peer-to-peer lending crisis in China fuels outcry https://money.cnn.com/2018/08/08/news/economy/china-p2p-lending/index.html Re-posted from CNN. Geoff Geoff Comments: Peer-to-peer lending is risk laden, even in countries like the US where there is heavy consumer protection, in China, it’s a nightmare…

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Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem

Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem http://theeconomiccollapseblog.com/archives/bankrupt-america-bankruptcy-soars-as-the-country-grapples-with-an-unprecedented-debt-problem Re-posted from The Economic Collapse Blog. Geoff Geoff Comments: Americans are carrying an unsustainable debt load, they need to show spending restraint, it has reached a … Continue reading

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The State of the American Debt Slaves, Q2 2018

The State of the American Debt Slaves, Q2 2018 | Wolf Street https://wolfstreet.com/2018/08/08/the-state-of-the-american-debt-slaves-q2-2018/ Re-posted from Wolf Street. Geoff Geoff Comments: We are DROWNING in DEBT!!!

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US Credit Card Debt Shrinks For Only Second Time Since 2013 As Student, Auto Loans Hit All Time High

US Credit Card Debt Shrinks For Only Second Time Since 2013 As Student, Auto Loans Hit All Time High | Zero Hedge https://www.zerohedge.com/news/2018-08-07/us-credit-card-debt-shrinks-only-second-time-2013-student-auto-loans-hit-all-time Re-posted from Zero Hedge. Geoff Geoff Comments: These trends are not healthy, we are in great danger … Continue reading

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“Hidden Debt Loophole Could be Widespread”: Fitch

“Hidden Debt Loophole Could be Widespread”: Fitch | Wolf Street  https://wolfstreet.com/2018/07/30/hidden-debt-loophole-could-be-widespread-fitch/ Re-posted from Wolf Street. Geoff Geoff Comments: This procedure distorts financial health of companies as well as claimed earnings…

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Third-World America: The ‘Bottom Half’ “Bolsters” The Economy By Going Into Debt

Third-World America: The ‘Bottom Half’ “Bolsters” The Economy By Going Into Debt | Zero Hedge https://www.zerohedge.com/news/2018-07-24/third-world-america-bottom-half-bolsters-economy-going-debt Re-posted from Zero Hedge. Geoff Geoff Comments: One of the shortcomings of “free will”…

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The root of the debt crisis: every $1 in debt generates just 44 cents of economic output

The root of the debt crisis: every $1 in debt generates just 44 cents of economic output – The Burning Platform https://www.theburningplatform.com/2018/07/10/the-root-of-the-debt-crisis-every-1-in-debt-generates-just-44-cents-of-economic-output/ Re-posted from The Burning Platform. Geoff Geoff Comments: Numbers like these make solutions near impossible, when will we … Continue reading

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U.S. Consumers On An Unprecedented Debt Binge As Credit Card Debt Soars To An All-Time Record High

U.S. Consumers On An Unprecedented Debt Binge As Credit Card Debt Soars To An All-Time Record High http://theeconomiccollapseblog.com/archives/u-s-consumers-on-an-unprecedented-debt-binge-as-credit-card-debt-soars-to-an-all-time-record-high Re-posted from The Economic Collapse Blog. Geoff Geoff Comments: Buying something on credit is not the same as ‘affording it’…

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Consumer Credit +7.5%, Revolving Credit +11.5%, Non-Revolving +6.25% YoY

Consumer Credit +7.5%, Revolving Credit +11.5%, Non-Revolving +6.25% YoY – Mish Talk https://www.themaven.net/mishtalk/economics/consumer-credit-7-5-revolving-credit-11-5-non-revolving-6-25-yoy-HCw7MWojYEGFWU6z-Wvx-w/ Re-posted from Mish Talk. Geoff Geoff Comments: Compound this trend over time and you’ll see, (if we don’t change our ways) we don’t have a chance at … Continue reading

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Will Italy’s €2.4 Trillion Debt Create Next Global Financial Crisis

Will Italy’s €2.4 Trillion Debt Create Next Global Financial Crisis? | Zero Hedge | Zero Hedge https://www.zerohedge.com/news/2018-07-09/will-italys-eu24-trillion-debt-create-next-global-financial-crisis Re-posted from Zero Hedge. Geoff Geoff Comments: It certainly has the potential of being one of the triggers in a Global Financial Crisis…

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