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Not so positive other things to think about. Auto loan defaults are near record and are bundled similar t mortgages in 2007. Student loan debt is at record hi
by jjwhitaker 7y ago
Not so positive other things to think about.
Auto loan defaults are near record and are bundled similar t mortgages in 2007.
Student loan debt is at record high with stagnant wages over the last 10 years.
Personal loan and mortgage debt is similar to 2007.
Stock buybacks and allocation of capital away from workers is spiking after the 2017 tax cuts.
Plus, those tax cuts are counter to some schools of thought on raising taxes in a good economic period to pay back the last or save for the next economic downturn. All this with increasing spending and record increases in the deficit. The deficit has become a left wing talking point no as previous deficit hawks have walked or are no longer the opposition party.