Category: Business & Economy

Appalachian shale drillers are getting squeezed by low prices, and a supply glut may mean that there is little prospect of a pricing rebound anytime soon.

The unemployment rate is just 3.7 percent. Does that mean that 96 percent of Americans are going to work this morning? Not even close. BLS data are fallible measures that diagnose only part of our nation’s job market health.

Kroll Bond Rating Agency (KBRA) published its Auto Loan Indices for July and reported deteriorating credit conditions for non-prime auto and prime loan pools. In July, losses climbed on both MoM and YoY basis. Annualized net losses rose 67bps MoM and 25bp YoY to 7.30%, while the percentage of borrowers that were two months late increased to 4.41%

The Treasury Department released new budget deficit numbers, and with two months still to go in the fiscal year, 2019’s budget deficit is the highest its been since the US was still being flooded with fiscal stimulus dollars back in 2012.

The life-altering impacts of student loan debt on millions of millennials is debilitating towards their financial health. At least 60% of millennials have no savings, and their poor financial health has contributed to the reason why so many young adults can’t afford a down-payment on their first home. About 40% of millennials have student debt, according to the AARP, and Clever Real Estate says the student debt has delayed home buying by eight years for millennials.