Multiple Signs That Indicate That The US Is In A R
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Posted On: 02/22/2017 11:15:49 PM
Multiple Signs That Indicate That The US Is In A Recession - X22 Report
Great site, audio included, but if you don't have 30 minutes, nice summary.
http://x22report.com/here-are-multiple-signs-...sode-1210/
17 signs we are in a recession
Auto loan delinquency rates have surged to their highest levels since 2008, according to a study by the Federal Reserve Bank of New York.
An April 2016 study found that nearly half of Americans are living paycheck to paycheck; a lot of other studies have pegged that number even higher.
House flipping accounted for 6.1 percent of home sales in the U.S. last year. This is the highest share of the housing market since 2006, when the rate was 7.1 percent of sales.
The New York Federal Reserve reported in August 2016 that subprime borrowers – those with a credit score under 660 – are getting new $1,000 credit cards at an alarming rate.
Federal Housing Administration (FHA) mortgage delinquencies jumped in the fourth quarter of 2016 for the first time since 2006. The seasonally adjusted FHA delinquency rate spiked to 9.02 percent, up from 8.3 percent in the previous quarter.
Student loan debt has surpassed $1.3 trillion, and is the second largest category of debt behind mortgages.
According to a study by the John D. and Catherine T. MacArthur Foundation, more than half (52 percent) of Americans can’t afford their homes.
The number of U.S. bankruptcy filings by consumers rose 5.4 percent in January to 52,421.
As of the fourth quarter of 2016, the U.S has had five consecutive quarters of corporate profits falling, despite stock markets soaring to all-time highs.
The labor force participation rate now stands at a rate of 62.8 percent, close to a record-low in 38 years.
Reports suggest that median income is declining and that a growing number of Americans are relying on the government for assistance.
When a bubble is on the verge of collapsing, you see this: 71% of IPO companies were unprofitable in 2014.
Great site, audio included, but if you don't have 30 minutes, nice summary.
http://x22report.com/here-are-multiple-signs-...sode-1210/
17 signs we are in a recession
Auto loan delinquency rates have surged to their highest levels since 2008, according to a study by the Federal Reserve Bank of New York.
An April 2016 study found that nearly half of Americans are living paycheck to paycheck; a lot of other studies have pegged that number even higher.
House flipping accounted for 6.1 percent of home sales in the U.S. last year. This is the highest share of the housing market since 2006, when the rate was 7.1 percent of sales.
The New York Federal Reserve reported in August 2016 that subprime borrowers – those with a credit score under 660 – are getting new $1,000 credit cards at an alarming rate.
Federal Housing Administration (FHA) mortgage delinquencies jumped in the fourth quarter of 2016 for the first time since 2006. The seasonally adjusted FHA delinquency rate spiked to 9.02 percent, up from 8.3 percent in the previous quarter.
Student loan debt has surpassed $1.3 trillion, and is the second largest category of debt behind mortgages.
According to a study by the John D. and Catherine T. MacArthur Foundation, more than half (52 percent) of Americans can’t afford their homes.
The number of U.S. bankruptcy filings by consumers rose 5.4 percent in January to 52,421.
As of the fourth quarter of 2016, the U.S has had five consecutive quarters of corporate profits falling, despite stock markets soaring to all-time highs.
The labor force participation rate now stands at a rate of 62.8 percent, close to a record-low in 38 years.
Reports suggest that median income is declining and that a growing number of Americans are relying on the government for assistance.
When a bubble is on the verge of collapsing, you see this: 71% of IPO companies were unprofitable in 2014.
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