An interest rate cut right now won’t save them. There’s a lag effect in both directions. A hard landing is baked in. Americans worry more now than during the Great Recession July 25, 2024 12:00 pm
Interest on U.S. debt to hit $1.14 trillion, consuming 76% of income taxes this year. July 22, 2024 1:45 pm
US Spent A Record $140 Billion On Debt Interest In June. On a 12 month basis, that is on pace for over $1.6 trillion July 11, 2024 9:07 pm
Record U.S. household debt, rising credit card delinquencies, and highest non-mortgage interest payments since 2008. July 10, 2024 9:51 amJuly 10, 2024 9:19 am
June 2024 marked the first time in 44 months that no global central bank hiked interest rates. July 8, 2024 6:18 pm
US government spending soared to $6.5 trillion in May; deficit hits $1.7 trillion—6.2% of GDP. Interest payments absorb 57% of revenues July 7, 2024 9:34 pm
Toronto police fail to arrest naked men at ‘Pride Parade’ because it wasn’t in the public’s ‘interest’ – Depravity July 5, 2024 9:58 am
With courts blocking Biden’s student loan plans to cancel debt, the Feds have paused payments and interest. July 2, 2024 2:37 pm
Overleveraged debt crisis looms, defaults imminent as high interest rates persist. July 1, 2024 11:17 pm
Soaring interest on $1.06 trillion debt, rising rates, uncontrolled spending—economic catastrophe looms. June 14, 2024 9:14 pm
The Fed’s next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts June 11, 2024 8:43 pm
Endless spending and low interest rates cause 40-year high inflation, with over half of Americans believing we’re in a recession. June 10, 2024 3:44 pm
Fed policymakers debate if 5% interest rates are restrictive enough, with rate hikes back on the table. June 9, 2024 9:59 pm
Zillow’s mobile app no longer allows you to adjust the interest rate percentage to see what your estimated monthly payment would be if interest rates were lower June 4, 2024 3:03 pm
WHOA!! U.S. banks face $1.7T unrealized losses; rising interest rates slash asset values, potential crisis looms. June 3, 2024 9:52 pm
Japan’s bond yields rise, pressuring USD/JPY and US bonds; Interest payments soar to 3.8% of GDP in Q1, highest since 1998 June 2, 2024 9:53 pm
This would be by far the largest level of interest payments in the entire modern US history. May 26, 2024 3:14 pm
US government interest payment has virtually been a straight line up since 2020. The recent Chinese of US Treasuries might be one of the first signs of a major fiscal crisis in the US. May 19, 2024 9:16 am
Michael Burry adds gold ETF and Block (formerly Square) to portfolio, anticipates rise in traditional investor interest in gold and bitcoin May 17, 2024 1:28 pm
The US is bleeding $2 million PER MINUTE in interest payments on outstanding debts May 15, 2024 9:20 am
Beijing narrowly escapes having to cover the debts of developer Country Garden as it scrounges up a $9 million interest payment May 13, 2024 9:16 pm