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Auto Insider Warns More Americans Fall Behind On Car Payments As Repos Soar 23%
• Zero HedgeThe delayed day of reckoning has arrived for millions of Americans who purchased vehicles with absurdly high monthly payments they no longer can afford.
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The delayed day of reckoning has arrived for millions of Americans who purchased vehicles with absurdly high monthly payments they no longer can afford.
Have we already entered recession? Worse, have we been in a recession for years now?
Financial writer and precious metals broker Bill Holter has been documenting all the unpayable debt that has been building up in the financial system like cancer.
This is a graph showing a massive sign of the dire state of Canada's pathetic economy. And its actually not to do with any hot button issues like Canada's insane housing prices, the affordability crisis, or Toronto maple leafs fans hopes and drea
Another CRE securitized structure is reportedly causing losses for its top tier, this one in another country and from a different corner of the real estate market. This matches recent reports that big banks are quietly beginning to sell their seniors
Nearly nine in 10 Americans have seen their cost of living increase over the past five years, and a new study has found that this is having a massive impact on their shopping habits, particularly online.
Hundreds of popular restaurant chains have closed locations this year, which is concerning. You might call it the restaurant apocalypse.
It probably comes as no surprise to you that, these days, the middle class, the backbone of the nation, are struggling. "Gasping for air," as Newsweek puts it.
America has become a nation bifurcated into haves and have-nots, and this is generating large-scale, enduring economic, social and political consequences.
... And Retailers. If the economy is fine, why are so many signs of trouble erupting all around us?
Canada's Big Six banks are adding billions of dollars to their emergency funds as mortgage renewals approach for more than three quarters of homeowners. Andrew Chang explains why the banks are preparing for more delinquencies, and who's most at risk.
"This has been a series of large amplitude blunders that keep getting bigger and bigger..."
'Safe haven' of choice has become gold, Invesco says
Some of the things that I am going to share with you in this article may make you cringe. But you need to understand what people are willing to do when they get extremely desperate and extremely hungry, because the global food crisis that has alread
After months of silence, a couple of critical developments from the beleaguered commercial real estate sector show up all at once. For the first time since the Global not-Financial Crisis, a senior tranche of a CLO took losses - a lot of losses - whi
With interest rates rising, more homeowners find themselves in financial distress as an increasing number of mortgages become underwater.
...That Is Sucking The Life Out Of Them Financially
Let's start by defining the working class in a meaningful way rather than by tossing around meaningless income metrics which implicitly suggest that exceeding some semi-arbitrary income bracket will magically lift a working class household into the