Right back to worse than 2008. This time, it's credit cards instead of borrowing on equity. Inevitable, since the economy is only "booming" at the top, low unemployment is due to record retirement rates, and wage growth is still lagging behind inflation, especially the cost of housing. Rent steadily outpacing wage growth.

http://www.axios.com/credit-cr...be4-b29d72548315.html

Debt is different for workers vs. capitalists.

If you owe the bank $100, you have a problem.

If you owe the bank $100,000,000 THEY have a problem.

That's how scum like trump can lose fortunes and getting away with it.

-------------------------
Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".

Edited: 05/16/2019 at 06:39 AM by RustyTruck

Also, , , , quite a lot of the zombie mortgages from 2008 are still hanging around, having never been "foreclosed". That little "derivative" thingy is also very ominous; it seems that the "amount" of all the junk derivatives is greater than the GDP of the whole fooking world!

-------------------------
Dora Hates You

I didn't know there were any left, Treasury sec Mnuchen got all of those.

Wow, how surprising!

Actually, it's not a bit fucking surprising, it's what they want.

http://money.cnn.com/2017/04/2...order-taxes/index.html

-------------------------
I was right.

The Fox should be in charge of the hen house is what trump is saying. It's a damn shame if a bankrupt deal maker can't borrow more money from workers pension funds.

-------------------------
Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".

Guess dems dont have debt....

Seems like you had some, plenty of it...

-------------------------
QOP = Terrorists
FK = Gay

Debt and delinquency...not related in the least.



-------------------------
I was right.