Category: Business & Economy

President Trump’s trade war with China is expected to last much longer than initially thought — extending into the second half of 2019, experts state. The Main reason: neither Washington nor Beijing want to appear politically weak at home, and both are prepared to absorb economic pain…

Automotive loan amounts and monthly payments continue to reach record highs, but US consumers seem unfazed. According to Experian’s latest State of the Automotive Finance Market report, Americans are paying an all time high monthly payment for both a new and a used car and assuming a larger amount of debt to make it happen as affordability continues to decline.

More than one million American student loan borrowers default on their debt each year, a new report says. That means by 2023, approximately 40 percent of borrowers are expected to default.

JCPenney has been around for over 100 years. But, is it going to be the next casualty in the line of mall and department store closures?

Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt loads have never been higher, and the federal government has been adding more than a trillion dollars a year to the federal debt ever since Barack Obama entered the White House. On top of everything else, everyone else around the world has been on a massive debt binge as well. Unfortunately, all debt bubbles must burst eventually, and the one that we are in right now is definitely on borrowed time.