Oct 25

Drowning In Debt: 35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due

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More than a third of all Americans can’t pay their debts.  I don’t know about you, but to me that is a shocking figure.  As you will see below, 35 percent of the people living in this country have debt … Continue reading

Mar 30

Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis

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If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening.  As you will see below, corporate defaults are currently at the highest level that we have … Continue reading

Mar 20

Credit Card Debt Saddles Americans Who “Continue the Same Horrendous Financial Mistakes”

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Illustration by David Dees. http://www.deesillustration.com/ This article was written by Michael Snyder and originally published at the Economic Collapse blog. Editor’s Comment: This continuing reality is just one more key factor in what keeps threatening to be the perfect storm … Continue reading

Sep 10

“Fed Risks Triggering Panic and Turmoil”: World Bank Warns Against Raising Rates

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Could things crumble and crash over a simple rate hike? Many experts say they could, and well, things aren’t so simple after all. With all things being equal, and with respect to the status quo of the powers that be, … Continue reading

Sep 07

We Have Already Witnessed The First 1300 Points Of The Stock Market Crash Of 2015

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What has been happening on Wall Street the past few days has been nothing short of stunning.  On Thursday, the Dow Jones Industrial Average plummeted 358 points.  It was the largest single day decline in a year and a half, … Continue reading