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Things are Getting Better!?! - OK Boomer - OK Millennial -OK Z’er -John Rubino #4560
Financial Survival Network
English - November 12, 2019 13:00 - 23 minutes - 32.2 MB - ★★★★ - 31 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Next Episode: The Medicare for All Fantasy - Sally Pipes #4561
CLO (collateralized loan obligation) markets starting to tank. Market for risky corporate debt is softening and turning to real junk. Even the WSJ ran a story about people going even further into debt. There's ever more underwater car loans because of negative equity in the consumer's current auto. By rolling over the balance into a new loan, they’re effectively paying interest on interest. How can all of this end well for the country or the consumer?