The Credit Cycle Has Shifted, The Last Time We Saw This You Know What Happened - Episode 1334a
Canadian existing home sales crash in June. Sear Canada pays out huge bonuses while laying off workers. Millennials are leaving Illinois in droves. Auto defaults soar and so do delinquencies. Companies complain they can't find qualify employees but wages continue to drop. NY Fed Manufacturing tumbles.
Banks are pulling the plug, credit is shifting and loans origination's are stalling. Trump cuts the White House budget and the central bankers are getting very worried about what Trump is doing in regards to the banking sector.
Interesting as always, thank you.
Can there be any doubt that the fix is in? It really hit home for me when I started seeing signs for "Berkshire Hathaway" reality brokers! They are just sopping up all of the excess real estate and keeping the housing bubble inflated. Talk about a last-ditch effort!
thanks for posting here, you give nothing but the cold hard facts, which is refreshing coming from a news outlet.
Thanks Dave, good report, We need to break away from all the gobal control, and kick out these gobal bankers.
Sears what a joke. It's like the late great George Carlin would say that there is a club and we are not apart of it.
So Trump is doing something good by cutting White House budgets and not cooperating with the global banks? Glad to hear it.