Debt-pocalypse Beckons As US Consumer Bankruptcies Do Something They Haven't Done In 7 Years

Submitted by Michael Snyder via The Economic Collapse blog,
Submitted by Michael Snyder via The Economic Collapse blog,
As politicians around the country continue to work themselves into a frenzy over Trump's January 27th executive order temporarily suspending immigration from seven countries, we thought it might be helpful to take a step back and review some key statistics regarding America's historical refugee admissions.
According to research from the Pew Research Center ("PRC"), since the Refugee Act of 1980 was passed into law roughly 3 million refugees have been resettled in the United States with annual totals fluctuating around flare ups of international crises.
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
Your skills, knowledge and and social capital will emerge unscathed on the other side of the re-set wormhole. Your financial assets held in centrally controlled institutions will not.
Just last week, Americans were reassured (twice) that everything is awesome in the US labor market as ADP and BLS data showed jobs-jobs-jobs everywhere. However, along with wage stagnation (and a rising unemployment rate), there is a bigger problem, as Deutsche Bank warns, aside from soft earnings, hiring at America’s biggest companies is slowing down for the first time since 2010.