Independent thinking for complex markets and current events
The Japanese 10-yr JGB traded this morning at 1.14% – the highest yield since July 2011. This should keep rising along with the US treasury 10-yr – which will likely breach 5% in the coming weeks. The Japanese 10-yr JGB traded this morning at 1.14% – the highest yield since July 2011. This should keep …
U.S. consumers collectively owe a record $1.14 trillion in credit card debt, figures released Tuesday by the Federal Reserve Bank of New York show. That’s $27 billion more than the $1.13 trillion in credit card debt they carried during the second quarter of 2024. The high tally comes amid concerns of an economic downturn triggered …
By Martin Armstrong The Federal Reserve Bank of New York released data this week indicating that American credit card debt has reached a new high of $1.14 trillion. A separate report from TransUnion has found that the average American is carrying $6,329 in personal credit card debt, a 4.8% uptick from last year. The vice …
According to a recent report, interest payments on the U.S. national debt are projected to reach $1.14 trillion this year, which would consume approximately 76% of all personal income taxes collected. This significant increase in interest payments is attributed to rising interest rates and the growing national debt. BREAKING: Interest Payments on U.S. National Debt Will Shatter …