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POSTED ON December 8, 2022  - POSTED IN Key Gold Headlines

After household debt grew by the largest amount since 2007 in the third quarter, American consumers kicked off the fourth quarter by piling on even more debt.

Consumer debt grew by another $27 billion in October, a 6.9% year-on-year increase. Americans now owe $4.73 trillion in consumer debt, according to the latest data released by the Federal Reserve.

POSTED ON November 16, 2022  - POSTED IN Key Gold Headlines

With real wages decreasing and inflation running rampant, Americans are burying themselves in debt to make ends meet.

After setting a new record in the second quarter, household debt increased at the fastest pace in 15 years during Q3, as American consumers have run up credit card balances month after month this year as they cope with higher prices. Meanwhile, rising interest rates have ballooned mortgage balances.

POSTED ON November 10, 2022  - POSTED IN Key Gold Headlines

With prices rising and real wages falling, many Americans are struggling to make ends meet. They are increasingly turning to credit cards and other debt to fill the gap. But that creates other problems. Debt has to be repaid and a growing number of Americans are struggling to keep up with payments.

Auto loan delinquencies have risen to the highest level in over 10 years, according to TransUnion.

POSTED ON August 18, 2022  - POSTED IN Original Analysis

The mainstream has suddenly discovered price movements impact retail sales.

For months, retail sales generally came in higher than expected. And for months the mainstream financial punditry ignored inflation and told us this signaled a strong economy. But in July, retail sales unexpectedly fell flat. Now the mainstream financial punditry claims this signals a strong economy.

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