Authored by John Whitehead via The Rutherford Institute,
Americans can no longer afford to get sick and there’s a reason why.
That’s because a growing number of Americans are struggling to stretch their dollars far enough to pay their bills, get out of debt and ensure that if and when an illness arises, it doesn’t bankrupt them.
This is a reality that no amount of partisan political bickering can deny.
Earlier this morning the New York Federal Reserve released their quarterly consumer credit report which detailed, among other things, delinquencies rates on every type of consumer debt from mortgages to student loans.
As part of the annual Credit Suisse Global Wealth Report, which as discussed earlier found that for the first time ever, the "Top 1%" owns a majority, or 50.1%, of the world's wealth...
... the millionaire bankers behind the firm's (Ultra) High Net Worth client division decided to also shed some tears for the world's Millennials, whom they dubbed with one word: "unlucky"... a term which members of said generation will likely wear as a badge of honor (if only to justify their plight in life), while other generations will be eager to promptly mock.
Authored by John Mauldin via MauldinEconomics.com,
When you write about economics, you learn very quickly that the economy doesn’t care what you say about it. The forces that drive it are beyond any one person’s comprehension, much less control.
Authored by Jim Quinn via The Burning Platform blog,