Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

Next-Generation Crazy: The Fed Plans For The Coming Recession
By: John Rubino

COT Gold, Silver and US Dollar Index Report - November 17, 2017
By: GoldSeek.com

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

 
Search

GoldSeek Web

 
THE SUB-PRIME ECONOMY - Students, Car Buyers & Retail Stores


 -- Published: Tuesday, 15 July 2014 | Print  | Disqus 

with Charles Hugh Smith & Gordon T Long

28 Minutes, 23 Slides

GROWING SUB-PRIME POPULATION

In this 28 minute video Gordon T Long and Charles Hugh Smith discuss through the aid of 23 slides the growing sub-prime population in America. It is getting little attention as more and more citizens are effectively being squeezed into the category that was once termed 'sub-prime' but which is now simply the US Economy.

The biggest increases in credit are coming the areas least able to afford increased debt levels, who see themselves as having no other survival choice in modern day America..

1. STUDENTS & THEIR PARENTS

2. INCREASING NUMBER OF CAR BUYERS

3. RETAIL STORE CHAINS

BREADWINNER ECONOMY FAILING

The little discussed truth is that fewer and fewer jobs today actually pay a "breadwinner's" salary. 48% of all new jobs being created in America now pay less than $24K/Annum GROSS. Even with both spouses working the numbers don't add up when rents are 1500/Mo, Day Care $1000/Mo and car payments for two cars to commute to fewer jobs are minimally over $500/Mo. Then there are 3 levels of taxes, fees, licenses etc and exploding food, gas, utility, health and education costs. It is any wonder America is now accelerating deeper into a sub-prime economy?

SHADOW BANKING

The problem during the 2008 crisis was sub-prime mortgages which sent shock waves through the Shadow Banking System. A system based on borrowing short and lending long. Today the Shadow Banking system is feeding off Student Loans, Car Loans and REITS. All are being securitized, repackaged and bundled through the Shadow Banking System. Like mortgages prior to the financial crisis, it was delinquencies which started to rise which imploded the system. This is a show which is soon coming once again returning to a theater near you!!


| Digg This Article
 -- Published: Tuesday, 15 July 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.