Mortgage News

Staggering Consumer Debt Nearing Recession Levels

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The yield for the longest-dated Treasury bond is now a hair’s breadth away from plumbing its lowest level in history.

Again, they should be cheap if a recession. younger consumers will buy motorized boats going forward. For reasons.

Even with debt higher than it has ever been, the monthly cost of servicing that debt is near the lowest level in 35 years, meaning consumers can do it easily, according to Moody’s Analytics.

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The U.S. debt is the sum of all outstanding debt owed by the federal government. On February 11, 2019, it exceeded $22 trillion. It passed the milestone of $21 trillion on March 15, 2018. The U.S. Treasury Department’s "Debt to the Penny" shows the current total public debt outstanding.This figure changes every day.

"This is a question that people really need to pay attention to: I am saying, based on 30 years of public service, that the crisis we face right now along the Southwest border is actually the worst we’ve ever experienced in our history – the worst," Morgan told Tucker Carlson.

It is truly staggering to see how much debt has been accumulated in the decade following the Great Recession. Debts in the categories of auto loans, credit cards, and student loans have topped a confounding $1 trillion, the highest levels on record without adjusting for inflation.

China’s retaliatory currency move threatens to expand and further intensify the trade war with the U.S., raising the risk of.

At the sector level, 8 of 11 global ex-U.S. sectors were negative on the month, with Information Technology, Consumer Staples. CCC (those companies nearing default) rated bonds have.

Mellody Hobson on rising consumer debt .. Mortgages and credit card debt remain below pre-recession levels, with student and auto loans make up a larger portion of the debt.. "This record.

Between 1960 and 1984, the U.S. personal savings rate – which is savings as a percentage of disposable personal income – never fell below 8%. That level of national thrift is far out of reach today. In December 2017, the personal savings rate dropped to 2.4%, its lowest level since the debt-fueled boom of the mid-2000s.

While total bankruptcy petitions nationwide by consumers and businesses are still well below Great Recession levels.

Beware the lure of the new, cheap, two-year fixed deals thats why I said 5 or so years down track, its just a cycle, economy is borderline recession, they are trying to increase spending by dropping rates but thats just a cheap money trap, eventually rates have to go back up hopefully its later than sooner, people feeling mortgage stress now will be a disaster down track if more lock themselves in loans they dont factor in higher rates one day