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.

-------------------------
"Communism is no more what Russia made of it than Christianity is what the churches make of it.”

– Pete Seeger (1995)

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!

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

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.

-------------------------
"Communism is no more what Russia made of it than Christianity is what the churches make of it.”

– Pete Seeger (1995)

Guess dems dont have debt....

-------------------------
Fishing is my Super power; what is yours?
Haulin' Bass Stick Marsh Fishing Guide

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

-------------------------
trump - putting the 'con' in conservative

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