Politics

Debt Data Continues to Signal Deep Consumer Stress

(Mike Maharrey, Money Metals News Service) Consumer borrowing cratered further in November, likely reflecting growing consumer stress, as price inflation persists and credit cards become maxed out. That’s bad news...

The Debt Black Hole Claims Another Victim

(Mike Maharrey, Money Metals News Service) The Debt Black Hole has claimed another victim. Saks Global Holdings, the parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, recently filed for...