America’s Debt Crisis: People Are Maxed Out

America’s Debt Crisis: People Are Maxed Out

Americans are largely maxed out when it comes to the amount of debt they have accumulated. Americans had surpassed a combined total of over $1 trillion in credit card debt back in August. Three months later, the balance had already gone up an additional $48 billion....
Doom Loops Are Multiplying

Doom Loops Are Multiplying

This article was originally published by Charles Hugh Smith at Of Two Minds Blog.  We can all pretend to be fantastic until the floor collapses beneath us. At that point, complacency/denial gives way to panic, but it’s too late to effect any realistic reversal...