On the debt issue, Warren is correct in pointing out that aggregate levels have increased. Nonhousing debt has jumped from $2.63 trillion in mid-2009 as the last recession was ending to $4.02 trillion as of the end of the first quarter in 2019, an increase of 52.8%, according to New York Federal Reserve data.
Measured relative to GDP, household debt is below 80%, compared to nearly 100% at the crisis peak. As a percent of disposable income, debt now is around 9.9%, compared to 13.2% in the late-2007 peak.The charge-off and delinquency rate for all loans and leases was 1.53% in the first quarter, tied for the lowest since the second quarter of 2006, Fed data shows. True, credit card delinquencies have been inching higher, to 2.
Warren links to a Marketwatch article that calls a manufacturing recession because the sector posted declines in consecutive quarters, according to Fed data released earlier this month. But that's a suspect reading of the actual numbers that have been coming in.
Source: Financial Digest (financialdigest.net)
It's only going to be a 1/1024th recession.
Well if I had to chose 'long of fear-short on facts' I'd go with the one who is intellectually superior in EVERY way, God knows, to the fear-monger in the Oval.
SenWarren are you reading this Sen? You have no idea!
She lays out plenty of facts. If you are looking for fearmongering and no facts, try a Trump rally.
I will scare you into voting for me. I have 100s of plans to take care of you from cradle to grave.
That’s what they said about recession fears in 2007 when we were actually in a recession. McCain did not finally admit we were in a recession until April of 2008. We all know what followed. Those of of in sales right now know that the recession concerns are valid.
That strategy seems smarter still can’t fathom why she did an DNA test must have been some form of TDS.
Her whole platform is short on facts. She will NEVER get a wealth tax done. Its violates article 1, Section 9 and is actually one of the primary reasons for this country's founding.
You've just defined her presidential campaign
That’s better cnbc - your learning !
Sounds like Bernie Sanders.
All of her policy is
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