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2018-11-21 — moneymorning.com
.. individuals are spending 10% of their earnings paying off nonmortgage debt each month. Credit card debt is up 5% over the last year...
Second, the housing market is turning down. Home prices have plunged 7% on the year, new housing starts are down 10%, and nearly a quarter of home sellers have cut their asking price this year. ... But the biggest warning sign is rising Treasury yields... rising two-year Treasury yields have preceded the last three recessions going back to 1985. And two-year yields are surging again. It's only a matter of time before the next recession hits. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |