👉This Stock Market is on Fire , Enjoy The Titanic Party before it hits The Iceberg 14% of Americans can't pay their medical bills.
US Manufacturing Production Contracts For 7th Straight Month, Capacity Utilization Tumbles.
An estimate of annual homelessness one month ago, by the federal government, shows that the number of people living on the streets increased 2.7 percent this year over last.
There was another US Bank failure today, the 4th in 4 months.
US Industrial Production Suffers Worst Year Since 2015.
U.S. household debt hits a record high of $14.15 trillion.
Total U.S. household debt reached a record of $14.15 trillion at the end of the year after increasing by $193 billion, or 1.4%, in the fourth quarter of 2019, according to the Fed’s Quarterly Report on Household Debt and Credit.
New home sales are now at a 6-month low. The U.S. economy is much weaker than investors think.
US deficit surges 25% in fiscal 2020 and is $1.1 trillion over the past year.
And This is just the start. Wait until the Coronavirus effect hits, the numbers will be a lot worse.
Donald Trump's 4th year in office will shatter the record for the largest annual increase in the national debt. It's an election year. And getting re-elected is more important than balancing the budget.
Subprime Auto Loans Explode, Serious Delinquencies Spike to Record.
Auto loan and lease balances have surged to a new record of $1.33 trillion. Delinquencies of auto loans to borrowers with prime credit rates hover near historic lows. But subprime loans (borrowers with a credit score below 620) are exploding at a breath-taking rate, and they’re driving up the overall delinquency rates to Financial Crisis levels.
The entire system of economic growth is fueled by the issue of debt VS savings and production. This gives the appearance of being far better than the reality. Call it a tale of two economies. Two new studies paint a contradictory picture of Americans' personal finances.
One found that tens of millions of Americans can't afford their medical bills, just as news dropped that 401(k), IRA and 403 (b) balances reached a record high last year.
There is no such thing as a market right now.
The Feds believe they can fix anything and everything by printing money, including cure coronavirus.
This bubble will pop.
My models show it will once the Fed goes to 0 and can no longer stimulate the economy, and then we hit stagflation and Boom!
Welcome to The Atlantis Report.
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