The US economic system, regardless of the tight labor market, has been shot by way of the guts by Biden’s financial insurance policies. The Biden Administration (aka, Obama’s third time period as President) is giving authorities a foul identify.
On the company aspect, US bankruptcies in 2023 had the worst begin to a yr since 2010 and the monetary disaster.
On the non-public finance aspect of the ledger, the delinqueny fee on bank cards is rising on the sooner fee since 2010.
Throw in 22 straight months of adverse REAL wage progress, and have a scary scenario going through center America.
And the shate of excellent subprime auto debt (30 days or extra delinquent) is as much as the best fee since … nicely, you recognize when. The monetary disaster of 2009-2010.
The US center class resides on a prayer, as a result of Washington DC doesn’t care.
However don’t fear. Mayor Pete, the EPA and Ohio governor Mike DeWine declare the air is nice to breath and the water protected to drink in East Palestine Ohio.
Why isn’t Greta Thunberg racing to Ohio to protest the dumping of poisonous chemical substances?