Banking

How Fed Rate Hikes Impact US Debt Slaves

December 12, 2017 Zero Hedge 0

Authored by Wolf Richter via WolfStreet.com, But savers are still getting shafted. Outstanding “revolving credit” owed by consumers – such as bank-issued and private-label credit cards – jumped 6.1% year-over-year to $977 billion in the […]

Business

Is America In Terminal Decline?

November 18, 2017 Zero Hedge 0

Authored by Raul Ilargi Meijer via The Automatic Earth blog, John Rubino recently posted a graph from Bob Prechter’s Elliot Wave that points to some ominous signs. It depicts the S&P 500, combined with consumer […]