Deadbeat Nation? 37 Million Credit Cards Were 90 Days Past Due In 4Q18
As those who follow our monthly consumer credit updates already knew, aggregate household debt balances jumped in 4Q18 for the 18th consecutive quarter, and were $869 billion (6.9%) above the previous peak (3Q08) of $12.68 trillion. As of late December, total household indebtedness was at a staggering $13.54 trillion, $32 billion higher than 3Q18. Overall household debt is now 21.4% above the 2Q 2013 trough, according to quarterly data from the Fed.
The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances re-touched the 2008 nominal peak," according to the report.
There are approximately 480 million credit cards in US circulation, that is 1.47 credit cards per citizen, and up more than 100 million since the 2008 financial crisis.
More troubling is that according to the Fed, 37 million Americans had a 90-day delinquent strike added to their credit report last quarter, an increase of two million from the fourth quarter of 2017. These 37 million delinquent accounts held roughly $68 billion in debt.
https://www.zerohedge.com/news/2019-03-07/37-million-credit-cards-were-90-days-past-due-4q18
that didn't escape my eye either. even had one response where someone said you are a patriot and reply was "I try" with three panels of that pic-minus the patriot
I get the stick-shift but the real test is making them write in cursive
then there is that. part of the narrative still being played out? don't know. saw what I saw though.
got me and i have seen this i-view before.
US Admiral Warns About 'Hazardous' Military Buildup In South China Sea
Though it rarely makes headlines in the US, the simmering rivalry between American and Chinese military forces has prompted some to declare the South China Sea - where Beijing has been building out its military and naval infrastructure in defiance of international court rulings - the "world's most dangerous hotspot".
And as China has transformed rocky atolls into stationary aircraft carriers, nobody has been more vocal about the dangers of China's increasingly aggressive posture in the Pacific than Admiral Philip Davidson, the commander of U.S. Indo-Pacific Command, who has warned about the growing geopolitical threat even as many established economists have played down the risk of a conflict because, in theory, the economic links between the world's two largest economies represent a reliable counterweight.
Offering yet another ominous warning just days after Washington again provoked Beijing by flying two B-52 bombers over the contested sea, Davidson told a group of reporters that he had observed a rise in Chinese military activity in the Pacific.
Asked about the US's "freedom of navigation" operations in the region, Davidson declined to offer specifics but said only that the US would remain "an enduring Pacific power." But turning the focus again to China, Davidson warned that China's military buildup was a "hazard" to trade flows and financial information that circulates via fiber optic cables running on the ocean floor under the South China Sea.
"It’s building, it’s not reducing in any sense of the word," Davidson told reporters on Thursday in Singapore when asked about China’s military activities in the South China Sea. "There has been more activity with ships, fighters and bombers over the last year than in previous years, absolutely."
"It’s a hazard to trade flows, the commercial activity, the financial information that flows on cables under the South China Sea, writ large,” Davidson added.
rest at link
https://www.zerohedge.com/news/2019-03-07/us-admiral-warns-about-hazardous-military-buildup-south-china-sea
think it's turned into one continuous shift with little sleep for most.
i missed the earlier post asking about night shift and ended up just below your reply.
Yes been that way for me for a long time.
only habbens once