In October of 2024, Russia hosted the annual BRICS Summit in the city of Kazan with the intent to show unity among developing nations and general eastern interests. The Kremlin, a target of severe NATO sanctions since the start of the war in Ukraine, has been effective in solidifying economic guarantees from BRICS partners and circumventing western economic controls. […]
One month ago, when multiple discount retailers (here and here) were lamenting the sudden collapse in US consumer purchasing power, we highlighted the reason this unexpected hit to US consumption: as the US personal savings rate had collapsed, the growth in consumer credit was slowing […]
ZeroHedge.com: The Great Debt Crisis of our lifetimes is approaching. As S&P Global recently noted, global debt has just hit $300 TRILLION for the first time in history. As if that wasn’t jaw dropping enough, […]
The Street.com: Many Americans could deplete their savings this fall, a study says. U.S. households are blowing through their pandemic-era savings, with many consumers’ accounts going bust in the third quarter of 2023, the Federal Reserve […]
FoxBusiness.com: Fitch warns it may be forced to downgrade dozens of US banks, including JPMorgan. A Fitch Ratings analyst on Tuesday warned the agency may be forced to cut the credit ratings of more than […]
CNBC.com: While having a perfect 850 credit score is impressive, you don’t necessarily need it to unlock the best benefits. “Typically, once you hit the mid-700s, you’re considered to have excellent credit and there’s no practical benefit to […]
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