.. individuals are spending 10% of their earnings paying off nonmortgage debt each month. Credit card debt is up 5% over the last year...

Second, the housing market is turning down. Home prices have plunged 7% on the year, new housing starts are down 10%, and nearly a quarter of home sellers have cut their asking price this year.

... But the biggest warning sign is rising Treasury yields... rising two-year Treasury yields have preceded the last three recessions going back to 1985. And two-year yields are surging again. It's only a matter of time before the next recession hits.

Comments: Be the first to add a comment

add a comment | go to forum thread