People aren't paying their credit cards and more accounts are being shut down, and it could be a sign that 'economic clouds are darkening' Www.businessinsider.com/people-arent-paying-their-credit-cards-and-more-are-being-shutdown-2018-12
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BJP bubble slowly bursting in North India as well.
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Google giving meals. Meanwhile Amazon L8 “don’t take more than one fruit”
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Duniya me Vishwaguru ka Danka
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Is it cheaper to eat chipotle everyday than buy groceries ?
Not a good sign. Each day there seems to be more indicators of a recession in the equity and housing markets :(
Don’t fear the recession. Prepare for it and profit. Leveraged Reverse ETFs will make you a fortune in his market if you have the time to daytrade. You’re limited to losing only what you invest but have up to 3x upside potential Also recessions are good for our economy and innovation. The FC is responsible for 90% of the jobs on blind.
What's an example of a reverse ETF
Never trust the bullshit from business insider
Millenials are about to get killed again
If you’ve money saved up this could be the opportunity to finally buy a single family home in Cupertino or Sunnyvale and such. If you already own a home, don’t panic - stick with and make payments. Recession come and go, but the survivors are those who follow a discipline. As long as your mortgage is lesser than or equal to rent for a comparable home, any reduction in property valuation is only a notional loss as you aren’t selling it, and you always need a place to stay
True for homeowner but your assuming TC and unemployment rates will remain stable. Highly unlikely in a recession. Tech in particular is bubbly and prime for major cutbacks.
*you’re
why aren’t people paying their credit card? shouldn’t you only buy things you can afford /s
That’s the biggest problem - ppl buy way more than they can afford thinking they can keep delaying paying and only make do with minimum payment required. Credit card companies don’t like ppl who pay in full every billing cycle.
they still make money off transactions though
Yay
Cmon man. This ain't nothing yet. Our systems can handle plenty of delinquencies. This rate of delinquency is nothing. Until we start seeing real major defaults by funds and real month over month brutal layoffs, nothing is going to happen. Asset values might drop but who cares (except over leveraged folks)
You know our credit system failed big time right? Fed swept ptivate corporate failures under the QE rug..basically rolled over into state obligations..next domino will be natiin states failing....then only global institutions like world bank, imf, BIS can save us....then WW3 to reset the world order.
Got 4 trillion of QE to unwind.....at the current pace it would take 30 years.
Kindly explain a bit more?
Blind the land of unvarnished truths. https://wolfstreet.com/2018/09/06/fed-qe-unwind-250-billion-when-will-balance-sheet-normalization-end/ TC - $5 Trillion.
Source?
Added.