Wednesday, 1 November 2017

The U.S. Isn’t Prepared for the Next Recession

quote [ Millions of people remain in perilous financial shape, with little to buffer them in the event of a layoff. Roughly half of respondents to a Federal Reserve survey conducted in 2015 said that they could not come up with $400 in an emergency, with a third saying they could not cover three months of expenses, even if they sold assets, dipped into retirement ]

Interesting read - I'm looking at the huge bubble of a DOW right now, and have been shifting some assets around. Looks like subprimes are a big thing again as well, with quicken the biggest provider of them all currently. They try to claim they are not a subprime lender, but do a search on "quicken rocket mortgage."

Sad that people completely seem to have forgotten about 2006-2008 all of a sudden.
[SFW] [business] [+2 Underrated]
[by knumbknutz]
<-- Entry / Comment History

Mythtyn said @ 3:38pm GMT on 2nd November
I consider student loans public debt. If those hit the fan then its all of us that are going to be footing that bill. But yes, I agree with your assessment.

Mythtyn said @ 3:40pm GMT on 2nd November
I consider student loans public debt in that if those hit the fan then its all of us that are going to be footing that bill. But yes, I agree with your assessment.


<-- Entry / Current Comment
Mythtyn said @ 3:38pm GMT on 2nd November
I consider student loans public debt in that if those hit the fan then its all of us that are going to be footing that bill. But yes, I agree with your assessment.



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