Inflation Shock

Inflation OR Deflation – Get Ready for a Shock

Things categorized as 'Credit'

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Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

Posted on May 15th .
"President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries." This strikes me as ...

American banks brace for credit card write-offs

Posted on May 14th .
It used to be easy to guess how many Americans would have problems paying their credit card bills. Banks just looked at unemployment: Fewer jobs meant more trouble ahead. But millions ...