Living off of debt...

[Mac1958]

This is a real concern, but it isn't even what has me a little jittery.

Sub-prime corporate debt is.
.

Yep.

As the fed interest rate goes down, down, down, investors feel tremendous pressure to chase after higher returns in junk bonds.

Yep, plus it's polluting the non-corporate side, too.

There has been a flood of "lending institutions" going after small and mid-size, privately-owned companies, funded by investors desperate for yield. Predictably, because of the competition, they've been going bottom-feeding for quite a while. I wrote a book a couple of years ago on small/mid-size business finance and stumbled onto that little gem totally by accident.

If you have a pulse, they'll lend to you. Sound familiar?
.

Sounds very familiar.

Of all the things about the financial services industry which piss me off, this is the one which pisses me off the most. In a low interest environment, investors create a demand for junk high yield instruments. Instead of resisting that pressure, the financial services industry only sees the opportunity to collect fees and so they do everything they can to satisfy the demand. They go totally gonzo creating the very instruments which will bring the whole thing crashing down.

They are totally screwing the capitalist pooch in the ass, and this is why the love of socialism was rekindled after 2008.

Yep, and we're doing very little to regulate this, of course.

Not fun to watch.
.

Why watch and get bummed out over something that you have no control over?

I have to pay close attention to stuff like this as I assemble, allocate and monitor client portfolios.

This affects people.

I also have to pay attention to politics for the same reason, unfortunately..
.

 

[Harpy Eagle]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Yeah, it's crazy.

I worry a lot about our government deliberately creating runaway inflation in order to decrease the public and private debt load. I worry a lot about governments all over the world doing that. The entire planet is in an astronomical debt bubble which dwarfs the subprime bubble to insignificance.

And don't get me started on corporate debt...

Too late!

This is a real concern, but it isn't even what has me a little jittery.

Sub-prime corporate debt is.
.

Weeeeeeeeeee!

Yep.

As the fed interest rate goes down, down, down, investors feel tremendous pressure to chase after higher returns in junk bonds, creating a DEMAND for junk bonds which the financial services industry is all too happy to accommodate in exchange for their cut (service fees).

Well, that's the thing about bubbles. You never know when they will pop. They certainly don't wait until an election. Just ask 2008's John McCain. Or Herbert Hoover.

Yep, plus it's polluting the non-corporate side, too.

There has been a flood of "lending institutions" going after small and mid-size, privately-owned companies, funded by investors desperate for yield. Predictably, because of the competition, they've been going bottom-feeding for quite a while. I wrote a book a couple of years ago on small/mid-size business finance and stumbled onto that little gem totally by accident.

If you have a pulse, they'll lend to you. Sound familiar?
.

pull your head out of Trump's ass for more than 12 seconds and look beyond tomorrow.

fuck you partisans are idiots

So I guess Trump will get all the blame for not doing anything to prevent a crash. That's fine.

But I'm sure you will find a way to blame the negroes, like last time.

Yet none of you dumbmotherfuckers can tell us how your quality of life is affected by the debt and deficit spending....Meanwhile wetbacks fuck us blind and you filthy fucks stay silent.

I've never picked up Modello bottles and shitty diapers left on my beach by the DEBT
I've never waited in an emergency room for hours behind the DEBT.
My property values have never tanked because of the DEBT.
My residential properties have never been ruined by the DEBT
The DEBT has never sprayed graffiti on my commercial buildings
DEBT doesn't abuse our public services.
DEBT has never made me feel like a foreigner in my own country.
My daughters have never been hit by uninsured DEBT on our roadways.
DEBT doesn't flood our public schools.
DEBT isn't out driving drunk.
DEBT isn't out on our streets committing rape, murder and crime.
DEBT isn't overflowing our jails and prisons
DEBT doesn't abuse animals.
DEBT doesn't have abortions or drop litters of filth in my lap
DEBT didn't murder Mollie Tibbetts

You ass-backwards fools can keep screaming DEBT at the top of your lungs...I'll continue to fight against the shit that fucks me over and has an actual affect on my life.

It's really a shame the USMB Hegemony got rid of the rep system.

I am sure folks like you just lived for a high rep from anonymous people on an internet forum.

bzzzzzttttt! Wrong. You lose. But you do get 10 Consolation Points for Consistency!


Sent from my iPhone using Tapatalk

yet you are the dumb fuck that brought it up...

 

[B. Kidd]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

This is a real concern, but it isn't even what has me a little jittery.

Sub-prime corporate debt is.
.

Yep.

As the fed interest rate goes down, down, down, investors feel tremendous pressure to chase after higher returns in junk bonds.

Yep, plus it's polluting the non-corporate side, too.

There has been a flood of "lending institutions" going after small and mid-size, privately-owned companies, funded by investors desperate for yield. Predictably, because of the competition, they've been going bottom-feeding for quite a while. I wrote a book a couple of years ago on small/mid-size business finance and stumbled onto that little gem totally by accident.

If you have a pulse, they'll lend to you. Sound familiar?
.

Sounds very familiar.

Of all the things about the financial services industry which piss me off, this is the one which pisses me off the most. In a low interest environment, investors create a demand for junk high yield instruments. Instead of resisting that pressure, the financial services industry only sees the opportunity to collect fees and so they do everything they can to satisfy the demand. They go totally gonzo creating the very instruments which will bring the whole thing crashing down.

They are totally screwing the capitalist pooch in the ass, and this is why the love of socialism was rekindled after 2008.

Negative
A desire for socialism has taken root because you recruited tens of millions of needy wetbacks and elected a Negro who made Americas filth feel entitled to a piece of the bank accounts of Americas Best.
THE END

You left out lazy millennials who had copter parents and lack the wherewithal to compete in a capitalist society.

 

[Likkmee]

Well, the sky ain't falling before Nov. 2020.

So gloom n' doom on.

Well, that's the thing about bubbles. You never know when they will pop. They certainly don't wait until an election. Just ask 2008's John McCain. Or Herbert Hoover.

 

[B. Kidd]

Yep.

As the fed interest rate goes down, down, down, investors feel tremendous pressure to chase after higher returns in junk bonds.

Yep, plus it's polluting the non-corporate side, too.

There has been a flood of "lending institutions" going after small and mid-size, privately-owned companies, funded by investors desperate for yield. Predictably, because of the competition, they've been going bottom-feeding for quite a while. I wrote a book a couple of years ago on small/mid-size business finance and stumbled onto that little gem totally by accident.

If you have a pulse, they'll lend to you. Sound familiar?
.

Sounds very familiar.

Of all the things about the financial services industry which piss me off, this is the one which pisses me off the most. In a low interest environment, investors create a demand for junk high yield instruments. Instead of resisting that pressure, the financial services industry only sees the opportunity to collect fees and so they do everything they can to satisfy the demand. They go totally gonzo creating the very instruments which will bring the whole thing crashing down.

They are totally screwing the capitalist pooch in the ass, and this is why the love of socialism was rekindled after 2008.

Yep, and we're doing very little to regulate this, of course.

Not fun to watch.
.

Why watch and get bummed out over something that you have no control over?

I have to pay close attention to stuff like this as I assemble, allocate and monitor client portfolios.

This affects people.

I also have to pay attention to politics for the same reason, unfortunately..
.

You actually get paid to do this fluffer job?

All this time I actually thought you really contributed to society like a plumber or a doctor.

 

[Mac1958]

Yep, plus it's polluting the non-corporate side, too.

There has been a flood of "lending institutions" going after small and mid-size, privately-owned companies, funded by investors desperate for yield. Predictably, because of the competition, they've been going bottom-feeding for quite a while. I wrote a book a couple of years ago on small/mid-size business finance and stumbled onto that little gem totally by accident.

If you have a pulse, they'll lend to you. Sound familiar?
.

Sounds very familiar.

Of all the things about the financial services industry which piss me off, this is the one which pisses me off the most. In a low interest environment, investors create a demand for junk high yield instruments. Instead of resisting that pressure, the financial services industry only sees the opportunity to collect fees and so they do everything they can to satisfy the demand. They go totally gonzo creating the very instruments which will bring the whole thing crashing down.

They are totally screwing the capitalist pooch in the ass, and this is why the love of socialism was rekindled after 2008.

Yep, and we're doing very little to regulate this, of course.

Not fun to watch.
.

Why watch and get bummed out over something that you have no control over?

I have to pay close attention to stuff like this as I assemble, allocate and monitor client portfolios.

This affects people.

I also have to pay attention to politics for the same reason, unfortunately..
.

You actually get paid to do this fluffer job?

All this time I actually thought you really contributed to society like a plumber or a doctor.

Yes.

Unfortunately, I don't care what you do for a living. Sorry.
.

 

[westwall]

Yeah, go figure. The upcoming collapse is based on progressive tax and spend, buy the dumb ones off with promises bullshit for decades, and you partisan dipshits want to blame trump.

Enjoy the ride silly boi, this is a disaster of your own making.

progressive tax and spend??

fuck dude, you god submitted the largest spending request in the history of the country, and you want to blame it all on the progressives?

This is a joint effort and partisan assholes like you will never hold their own accountable so things will never get better.

You always put party before country.

He ain't my god, dumbass, anymore than the shrilary was your god. You were just a schmuck who doesn't care who screws the country so long as you got your share. Trump has done the opposite. The middle class has seen their net income go up more in three years than it did in the previous 16 years. And yes, the progressives are trying to buy votes. They have to because if you look at their real goals they would be laughed out of office.

Why do you think they ALL are giving away free this, and free that. You have to be a complete moron to belive that anything the government gives away is free.

Hello moron

 

[Harpy Eagle]

He ain't my god, dumbass, anymore than the shrilary was your god.

well, except for the fact I did not vote for her and never once defended her and you spend your days defending your god in the White House.

You were just a schmuck who doesn't care who screws the country so long as you got your share. Trump has done the opposite. The middle class has seen their net income go up more in three years than it did in the previous 16 years. And yes, the progressives are trying to buy votes. They have to because if you look at their real goals they would be laughed out of office.

Why do you think they ALL are giving away free this, and free that. You have to be a complete moron to belive that anything the government gives away is free.

Hello moron

Everybody tries to buy votes, even your god Trump. What the fuck do you think the extra 20 billion dollars to the farmers is all about?

you really should never call anyone a moron considering you seem to have the IQ of a head of cabbage.

 

[westwall]

He ain't my god, dumbass, anymore than the shrilary was your god.

well, except for the fact I did not vote for her and never once defended her and you spend your days defending your god in the White House.

You were just a schmuck who doesn't care who screws the country so long as you got your share. Trump has done the opposite. The middle class has seen their net income go up more in three years than it did in the previous 16 years. And yes, the progressives are trying to buy votes. They have to because if you look at their real goals they would be laughed out of office.

Why do you think they ALL are giving away free this, and free that. You have to be a complete moron to belive that anything the government gives away is free.

Hello moron

Everybody tries to buy votes, even your god Trump. What the fuck do you think the extra 20 billion dollars to the farmers is all about?

you really should never call anyone a moron considering you seem to have the IQ of a head of cabbage.

Considering the small number of votes they give him i would say nothing. The 20 billion is to make them whole for decisions the government has made. Sounds reasonable to me so long as the American taxpayer isn't footing the bill, which they aren't. Your claims about the shrilary are specious at best. Doesn't matter though, you are a progressive shill through and through, you just are so stupid you think you fool people.

You don't.

 

[Harpy Eagle]

Considering the small number of votes they give him i would say nothing.

as I said, you have an IQ around that of a head of cabbage.

 

[Dragonlady]

Socialists are idiots who never learned the intricacies of cash flow. Most millennials fall into this group.
And then you have geniuses like Bernie Sanders who realize that the only socialists who indeed, have cash, are socialist rulers.

Conservatives are idiots who have never learned the basics of supply and demand. Supply they get. It's demand they don't understand. Workers getting their fair share.

 

[gipper]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Not me. I intend to do very well in the next recession.

 

[AzogtheDefiler]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Yep. Unfortunate but I ll be in a lot of debt very soon when my kids go to college. Such is life in the US.

Of course you can not send your kids off the college but the military, and have them serve 4 years during which college is paid for and when they get out use their GI bill to go higher in college. Then the kids who know what our country is like, can go against the Communist Manifesto that the professors love to talk about.

Options are on the table.

 

[Dont Taz Me Bro]

Conservatives are idiots who have never learned the basics of supply and demand. Supply they get. It's demand they don't understand. Workers getting their fair share.

If you don't like what you're getting find another job

 

[boedicca]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Yeah, it's crazy.

I worry a lot about our government deliberately creating runaway inflation in order to decrease the public and private debt load. I worry a lot about governments all over the world doing that. The entire planet is in an astronomical debt bubble which dwarfs the subprime bubble to insignificance.

And don't get me started on corporate debt...

Too late!

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

This is a real concern, but it isn't even what has me a little jittery.

Sub-prime corporate debt is.
.

Weeeeeeeeeee!

This is a real concern, but it isn't even what has me a little jittery.

Sub-prime corporate debt is.
.

Yep.

As the fed interest rate goes down, down, down, investors feel tremendous pressure to chase after higher returns in junk bonds, creating a DEMAND for junk bonds which the financial services industry is all too happy to accommodate in exchange for their cut (service fees).

Well, the sky ain't falling before Nov. 2020.

So gloom n' doom on.

Well, that's the thing about bubbles. You never know when they will pop. They certainly don't wait until an election. Just ask 2008's John McCain. Or Herbert Hoover.

Yep.

As the fed interest rate goes down, down, down, investors feel tremendous pressure to chase after higher returns in junk bonds.

Yep, plus it's polluting the non-corporate side, too.

There has been a flood of "lending institutions" going after small and mid-size, privately-owned companies, funded by investors desperate for yield. Predictably, because of the competition, they've been going bottom-feeding for quite a while. I wrote a book a couple of years ago on small/mid-size business finance and stumbled onto that little gem totally by accident.

If you have a pulse, they'll lend to you. Sound familiar?
.

Well, the sky ain't falling before Nov. 2020.

So gloom n' doom on.

pull your head out of Trump's ass for more than 12 seconds and look beyond tomorrow.

fuck you partisans are idiots

Are there any conservative non-spending Democrats running this election?

Didn't think so.......

So I guess Trump will get all the blame for not doing anything to prevent a crash. That's fine.

But I'm sure you will find a way to blame the negroes, like last time.

Yet none of you dumbmotherfuckers can tell us how your quality of life is affected by the debt and deficit spending....Meanwhile wetbacks fuck us blind and you filthy fucks stay silent.

I've never picked up Modello bottles and shitty diapers left on my beach by the DEBT
I've never waited in an emergency room for hours behind the DEBT.
My property values have never tanked because of the DEBT.
My residential properties have never been ruined by the DEBT
The DEBT has never sprayed graffiti on my commercial buildings
DEBT doesn't abuse our public services.
DEBT has never made me feel like a foreigner in my own country.
My daughters have never been hit by uninsured DEBT on our roadways.
DEBT doesn't flood our public schools.
DEBT isn't out driving drunk.
DEBT isn't out on our streets committing rape, murder and crime.
DEBT isn't overflowing our jails and prisons
DEBT doesn't abuse animals.
DEBT doesn't have abortions or drop litters of filth in my lap
DEBT didn't murder Mollie Tibbetts

You ass-backwards fools can keep screaming DEBT at the top of your lungs...I'll continue to fight against the shit that fucks me over and has an actual affect on my life.

It's really a shame the USMB Hegemony got rid of the rep system.

I am sure folks like you just lived for a high rep from anonymous people on an internet forum.

^^^ Diagnosis: Terminal Projection ^^^

 

[Jitss617]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Do you even see the the
Debt democrats create with public education alone ? And you attack trump and jokers say the school superintendent in NEY YORK?, The first thing you see when driving to New York a skyscraper projects.. that’s not America

 

[keepitreal]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Hmm, How do I put this?

I appreciate you...seriously

For the most part, I haven't 'followed' you here
because when it comes to anti Trumpers here
nothing they have to say is sensible...to me

I mean, fine, if you(in general)don't like Trump,
that's your opinion and one you are entitled to
but when every other issue/subject/topic they address
is like hearing from an alien on another planet, it's exhausting

But, the last few posts you've written that I did read
well, frankly I was impressed...for lack of a better word
I thought to myself, hey, this poster isn't like the others.
Even though this poster doesn't care for Trump
I like what they have to say concerning other issues/topics

I totally agree with your OP
The biggest problem in this country
is a lack of accountability and responsibility

I've said it before and I'll say it again...
It is not a matter of if it will, it's a matter of when it will
This house of cards will fall and when it does
many people are in for a rude awakening

You can not keep spending what you don't have
and borrowing what you can't pay back without any consequences

Every 10 years there is a financial crisis, we are due
Nothing was 'fixed' in '08, the inevitable was prolonged
That's it, that's all

Eventually, the only 'fix' left will be allowing the crash and burn

I look forward to reading more of your posts

 

[MAGAman]

Newt is gone, and nobody else has the balls to balance the budget.

 

[Thinker101]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Yep, bet you can't wait for that Medicare-for-all and free college, maybe even that New Green Deal. Raising that tax rate to 50%? How about 75%?

 

[Harpy Eagle]

We the people do the same thing the country does...spend money we do not have.

More shoppers plan to take out loan to finance the holidays

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

A booming economy and the country is adding debt at more than a trillion a year and personal debt is at an all time high as well.

View attachment 291988

Americans are way more in debt now than they were after the financial crisis - HousingWire

American household debt continues to climb to record levels, reaching $13.54 trillion in the fourth quarter of 2018.
According to the latest report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, household debt is now $869 billion higher than 2008’s $12.68 trillion peak.
It is also 21.4% above the debt levels seen in the wake of the financial crisis in 2013.

We are so screwed come the next recession.

Hmm, How do I put this?

I appreciate you...seriously

For the most part, I haven't 'followed' you here
because when it comes to anti Trumpers here
nothing they have to say is sensible...to me

I mean, fine, if you(in general)don't like Trump,
that's your opinion and one you are entitled to
but when every other issue/subject/topic they address
is like hearing from an alien on another planet, it's exhausting

But, the last few posts you've written that I did read
well, frankly I was impressed...for lack of a better word
I thought to myself, hey, this poster isn't like the others.
Even though this poster doesn't care for Trump
I like what they have to say concerning other issues/topics

I totally agree with your OP
The biggest problem in this country
is a lack of accountability and responsibility

I've said it before and I'll say it again...
It is not a matter of if it will, it's a matter of when it will
This house of cards will fall and when it does
many people are in for a rude awakening

You can not keep spending what you don't have
and borrowing what you can't pay back without any consequences

Every 10 years there is a financial crisis, we are due
Nothing was 'fixed' in '08, the inevitable was prolonged
That's it, that's all

Eventually, the only 'fix' left will be allowing the crash and burn

I look forward to reading more of your posts

Thanks. I am not a "never Trumper" though I truly do not like the man and many of his policies. But I was very happy about both his SCOTUS picks as well as his changing Fed Employee regulations to make it easier to get rid of dead weight in the Fed workforce.

When the last recession hit our deficit went up almost 10 told in less than 2 years. While that was bad it was manageable because the deficit during the good years prior was very low. What happens when our next recession hits and we get a 10 fold increase in the annual deficit? Can we absorb as much in a year as Obama added in 8?

I am not sure any of us want to live through a "crash and burn" and I sure do not want our kids to have to.