debt

A growing number of Americans are facing potentially crippling credit card debt

A growing number of Americans are facing potentially crippling credit card debt

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Americans are going into credit card debt as interest rates hit historic highs. Several surveys show that American consumers are sinking further into credit card debt. A new survey from Bankrate, the consumer finance company, found that 46% of cardholders carried credit card balances month-to-month, up from 39% a year ago. A survey by NerdWallet, …

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US Treasuries at 'tipping point': Stock-bond correlation shifts as fixed-income market issues recession warning

US Treasuries at ‘tipping point’: Stock-bond correlation shifts as fixed-income market issues recession warning

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Bonds and stocks could return to their usual relationship, a boon for investors with a traditional mix of assets in their portfolios as the United States fears a recession this year. “At the end of the day, correlation has now reverted to more traditional correlation, where stocks and bonds don’t necessarily move together,” said Kathy …

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Gold and Silver Boom Expected as US Hits Debt Ceiling and Dollar Devalues

Gold and Silver Boom Expected as US Hits Debt Ceiling and Dollar Devalues

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Former Connecticut Sen. Joe Lieberman (I) discusses the Pentagon’s announcement of a $2.5 billion aid package for Ukraine and the steps taken by the Treasury after the U.S. have reached the debt ceiling. Continued inflationary pressures and the growing risk that the federal government could default on its loans will likely see Wall Street traders …

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Musk has 'more to lose' if he tries to avoid debt payment on Twitter

Musk has ‘more to lose’ if he tries to avoid debt payment on Twitter

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(Bloomberg) — By all accounts, including Musk’s, Twitter has more than enough money to make its first interest payments, which are expected to total around $300 million. Bloomberg’s Most Read But with the payment date fast approaching, there is nonetheless some concern about what the impulsive billionaire could do to ease the social media company’s …

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Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy?

Investors are “desperate” for a recession that forces the Fed to cut interest rates, but what will happen to markets if the economy remains healthy?

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As 2023 kicks off, markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, slashing bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months shows that inflation has moderated, …

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Jamie Dimon Sounds the Alarm on US Debt Rise With 'Potentially Disastrous Results'

Jamie Dimon Sounds the Alarm on US Debt Rise With ‘Potentially Disastrous Results’

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JPMorgan Chase CEO Jamie Dimon said banks will be there for customers through good times and bad. JPMorgan Chase CEO Jamie Dimon weighed in on fiscal policy under a new Congress and voiced concerns about the macroeconomic impact of mounting debt in an exclusive four-part interview airing Tuesday on “Mornings with Maria.” While US government …

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Economist who pioneered use of closely-watched recession tool says it could send 'wrong signal'

Economist who pioneered use of closely-watched recession tool says it could send ‘wrong signal’

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For months, the bond market has issued multiple warnings that a US recession could be imminent, a view that many financial market participants have finally accepted. One is the 10-year minus 3-month treasury yield spread, which has been below zero since late October, but hasn’t been negative long enough to send a definitive statement about …

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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

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LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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