Trump brags about economy growing at 3 percent or more, but sadly the number is really .3 percent, and shrinking towards below zero (so as we thought we ARE being lied to ,on a daily basis)
As The Economy Teeters On The Brink Of A Recession, U.S. Debt Levels Are Absolutely Exploding
And when you total up all forms of individual debt, U.S. consumers are now 13.5 trillion dollars in the hole.
Corporate debt levels are exploding as well, and this is something that Dallas Fed President Robert Kaplan warned about on Tuesday…
U.S. nonfinancial corporate debt consists mostly of bonds and loans. This category of debt, as a percentage of gross domestic product, is now higher than in the prior peak reached at the end of 2008, Kaplan said.
A number of studies have concluded this level of credit could “potentially amplify the severity of a recession,” he noted.
The lowest level of investment-grade debt, BBB bonds, has grown from $800 million to $2.7 trillion by year-end 2018. High-yield debt has grown from $700 million to $1.1 trillion over the same period. This trend has…
View original post 94 more words