by Mac Slavo | Dec 17, 2019 | Emergency Preparedness, Forecasting, Headline News
The government keeps telling us that the labor market is strong and unemployment is low. Yet, regardless, borrowers are increasingly being rejected for vehicle loans while consumer debt continues to rise. A Federal Reserve Bank of New York survey of consumer credit...
by Mac Slavo | Aug 14, 2019 | Headline News
Large automakers General Motors and Ford Motor Co. are bracing themselves for an upcoming global recession. Both companies are preparing in advance just in case this insanely volatile economy takes a turn for the worse. At the JPMorgan auto conference in New York...
by Mac Slavo | Jun 24, 2019 | Emergency Preparedness, Headline News
Debt levels reached record levels during the Great Recession which struck the United States about a decade ago. Now, U.S. consumer debt has surpassed those levels with a record number of Americans living on the edge of disaster. According to Market Watch, Ben Mohr, a...
by Mac Slavo | May 22, 2019 | Headline News
As the economy frays, companies close retail stores, and other layoff workers, Americans are going further into debt. In fact, the United States household debt has now reached all-time record highs. According to the Federal Reserve’s Quarterly Report on Household...
by Mac Slavo | May 21, 2019 | Headline News
Ford Motor Co. is finishing up their final round of layoffs today. About 7,000 workers worldwide are losing their jobs in this “booming economy” as unsold vehicles continue to pile up in the once empty parking lots of closed retail establishments. CEO Jim...
