A social and financial divide is forming — between those who have student debt, and those who do not — that will have ramifications for decades to come. https://www.buzzfeednews.com/article/annehelenpetersen/student-debt-college-public-service-loan-forgiveness
Kevin Barry of Consulting Research Group discusses the big debt levels many energy companies in the U.S. have amassed, and how that could impact production.
But there are some unofficial estimates. Like one from the Institute of International Finance (IIF) last week, which place China’s debt to GDP at 300%! https://www.forbes.com/sites/panosmourdoukoutas/2018/11/24/debt-not-trade-war-is-chinas-biggest-problem/#57963344c4d0
The US economy is going through a fabulous moment. After 10 years of uninterrupted economic growth, the great American engine is working at full speed: industrial production, the SP 500 and exports are at record […]
Student loans have seen almost 157 percent in cumulative growth over the last 11 years. By comparison, auto loan debt has grown 52 percent while mortgage and credit-card debt actually fell by about 1 percent, […]
Even without the debt-binging frenzy of last year, we were in trouble. Deficits were on an upward trajectory. Social Security is no longer running cash-flow surpluses and will require $1.6 trillion be repaid from the […]
The untold story of the world economy — so far at least — is the potentially explosive interaction between the spreading trade war and the overhang of global debt, estimated at a staggering $247 trillion. […]
US companies, encouraged by a decade of unbelievably low borrowing costs, are sitting on $6.3 trillion of debt, according to S&P Global Ratings. That sum, which excludes banks, is more than before the Great Recession […]