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Tag Archives: consumer debt
The Three Headed Debt Monster That’s Going to Rampage the Economy
“The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath Mass Infusions of New Credit Something strange and somewhat senseless happened this … Continue reading
Posted in Government Debt, MN Gordon
Tagged auto loans, consumer debt, credit card debt, student loans, treasuries
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The Coming Debt Reckoning
American workers, as a whole, are facing a disagreeable disorder. Their debt burdens are increasing. Their incomes are stagnating. There are many reasons why. In truth, it would take several large volumes to chronicle all of them. But when you get down to … Continue reading
Total Abandonment of the Rules of Common Sense
U.S. consumers are doing what they do best. After a six year hiatus, they’re back at it. Consumers are eagerly borrowing money. What’s more, they’re spending it! According to the Federal Reserve Bank of New York, U.S. consumer debt rose … Continue reading
Posted in Inflation, MN Gordon
Tagged consumer debt, federal reserve, GDP, interest rate, janet yellen, saving
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What’s Really Propelling the Stock Market Higher
Consumers are back at it…doing what they do best. They’re buying stuff and they’re consuming it. Moreover, they’re doing so at an accelerating rate. The Commerce Department reported on Wednesday that retail sales increased 1.1 percent in February, the largest … Continue reading
Posted in MN Gordon, Stock Market
Tagged bubble, consumer debt, consumer spending, DOW, GDP, margin debt
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