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The State of the American Debt Slaves, Q3 2018

Wolf Street, Released on 11/7/18 Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion,…

Mortgage applications drop to 4-year low as interest rates hit 8-year high

CNBC, Released on 11/7/18 Rising rates are now clearly having an affect on potential homebuyers. Total mortgage application volume fell 4 percent last week from the previous week Continue……

Housing Least Affordable in a Decade

Mish Talk, Released on 11/5/18 It now takes 23.6% of median income to make the monthly payment on the average-priced home, making housing the least affordable it’s been in nearly…

Chinese yuan falls to lowest level since 2008 global financial crisis as trade war with US heats up

RT, Released on 10/30/18 The People’s Bank of China has allowed the yuan to depreciate to a 10-year low against the dollar. A cheaper renminbi helps Chinese products mitigate the…

China to propose 50 percent cut to car purchase tax

Reuters, Released on 10/29/18 China is proposing a cut in the tax levied on car purchases by half, as the trade war between the United States and China continues to…

Euro zone not prepared enough to face new crisis, says French finance minister

CNBC, Released on 10/28/18 “But is the eurozone sufficiently armed to face a new economic or financial crisis? My answer is no. It is urgent to do what we have…

There is NO system that will survive this Pension Crisis

Armstrong Economics, Released on 10/26/18 Vladimir Putin tried to reform Russia’s pensions system which is crumbling as is the case in the West. This giant Ponzi Scheme is collapsing and…

The US economy grew at a 3.5% pace in the third quarter, faster than expected

CNBC, Released on 10/26/18 The U.S. economy grew at a faster-than-expected pace in the third quarter as consumer spending surged while inflation was relatively timid, according to recent data Continue……