Discover and read the best of Twitter Threads about #debt

Most recents (14)

Key findings from our new report on #AutoDebt, with @uspirg frontiergroup.org/reports/fg/dri…
1. Owning a car is the price of admission to the economy and society in much of America -- the result of generations of public policy.
2. Owning a car is expensive and drives millions of households to take on #debt.
Transportation is the 2nd biggest expenditure for American households, behind only housing. Today, more Americans carry auto debt, and they owe more on their loans, than ever before.
3. Auto borrowing varies by income, age and location across the United States.
Over the last decade, auto debt per capita has been growing fastest among the oldest Americans (those age 70 and older).
Read 6 tweets
To move rightward, is about the desire to conserve, hence #conservative. In order to want to conserve, you have to have something you want to conserve. If all you have is debt and more #debt, what the heck do you have to conserve? @sapinker
The progression to more right with age is a historically temporary #American phenomenon born out of the fact that #boomers acquired increasing affluence because of the society in which they found themselves as a result of the #NewDeal & #progressive policies which they inherited
Having been born on third base and believing they had hit a triple, as a generation, they decided to slow this #wealth distribution thing down a little and now we find ourselves where we find ourselves. The move rightwards requires something to conserve.
Read 6 tweets
.@NYTimes says the typical federal worker has missed $5,000 in pay so far due to the #TrumpShutdown. Good analysis.

But let’s discuss the long-term impact & how this disruption will hurt the personal finances of our fellow Americans for YEARS to come. /1

buff.ly/2FuiC8x
An economic shock, like the sudden loss of a paycheck, usually has very long-term negative effects. It’s not just a blip.

Even if people get their back pay, or land another job, this #TrumpShutdown will burn folks in many ways for months or years after it’s officially over. /2
A study from @pewtrusts found that when people face a major financial shock, including a significant reduction in income, by six months later, 50% of those impacted by the financial shock still hadn’t recovered. /3

buff.ly/2QUm5ym
Read 14 tweets
Today we release our annual @wiiw_news Autumn #Forecast Report, with macroeconomic projections for #CESEE out to 2020. Below, a thread on the highlights 1/13
#Growth still looks quite good for most, notable upgrades this time for #Poland, #Serbia, #Hungary. But downgrades for several #EU members, plus #Turkey, #Macedonia and #Belarus. 2/13
Over the #forecast period we expect best growth performance in #EUCEE and #WesternBalkans, although both will slow by 2020. Outlook for #CIS & #Ukraine weaker. 3/13
Read 14 tweets
Politicians aren't leaders or rulers. They're puppets on strings. They have been ever since the signing of the Declaration of Independence, which was made invalid a few decades after it was signed. The United States OF America ceased to exist. The United States FOR America alive.
The Crown of England financed both sides of the Revolutionary war. When all said and done, threatened the newly formed United States OF America to a new war, which USofA couldn't afford. To avoid such war, a treaty was signed instead. After that, USofA became USforA. #US Corp.
Everything within United States FOR America is for sale. The #FederalReserve Bank was implemented, which deals in #debt based fake money, as currency, US has been bankrupted. It went into bankruptcy and NEVER came out it. Unfortunately, fact. #Enslavement hidden behind scenes.
Read 25 tweets
Yesterday, Michael Avenatti tweeted that Ted Cruz had attacked him, and urged his followers to "chip in to help Beto". THREAD 1 #MichaelAvenatti #FridayFeeling
The link went to an ActBlue form, which positioned donating to Beto as a way to get back at Cruz.

A note at the bottom of the page states that donations would be split evenly.

That's easy to miss, especially for ActBlue Express users who can donate with 1 click. 2
Users could select an amount with 1 tap and donate, missing the fact that by default, the form would split their donation between Avenatti's Fight PAC and Beto's campaign 50/50.

"Make this a monthly recurring donation" was checked by default with Nov. 6th 3 weeks away. 3
Read 18 tweets
DOWN THE RABBIT HOLE

The next #financialcrisis

Read the entire thread...
1/ GLOBAL #DEBT; plus

$250,000,000,000,000
2/ #FEDFUNDSRATE HIGHEST SINCE 2008; plus
Read 9 tweets
“SINCE...........2008”

A THOROUGH COMPENDIUM OF #FINANCIAL #ECONOMIC #DEBT #STOCKMARKET #INTERESTRATE #HOUSING #RISK DATA, TOLD IN TWEETS BY MYSELF & MANY OTHERS.

This is dedicated to everyone that will say “nobody saw it coming”

Read the ENTIRE THREAD, down the rabbit hole
#GOLD #SILVER RATIO HIGHEST SINCE 10/2008
#EMERGINGMARKETS DEFAULT RISK HIGHEST SINCE 2008
Read 25 tweets
Don't give up your freedom of speech. The Media has. They want to herd you like sheep. They are the true Enemy of the people. #Trump is just the vehicle of their control. #FakeNews #FreeThought Be a Leader of your own mind, not a follower of theirs.
They are trying to destroy our #Republic. They want to control you and chances are they already do. Remember how things used to be, before they injected the hate into our #society. "They" profit on #war, your #debt, and #disease.
They have put #US in debt to the tune of 20 trillion+ #China is in debt, #Russia is in debt, #Europe is in Debt, etc. They manipulate countries into #war and then lend them money to fight. (both sides).
Read 9 tweets
Politicians aren't leaders or rulers. They're puppets on strings. They have been ever since the signing of the Declaration of Independence, which was made invalid a few decades after it was signed. The United States OF America ceased to exist. The United States FOR America alive.
The Crown of England financed both sides of the Revolutionary war. When all said and done, threatened the newly formed United States OF America to a new war, which USofA couldn't afford. To avoid such war, a treaty was signed instead. After that, USofA became USforA. #US Corp.
Everything within United States FOR America is for sale. Since #FederalReserve Bank was implemented, which deals in #debt based fake money, as currency, US has been bankrupted. It went into bankruptcy and NEVER came out it. Unfortunately, fact. #Enslavement hidden behind scenes.
Read 25 tweets
Hey @pauldadams let's thread this! A summary of four working papers on credit cards in N tweets. Especially for those interested in #HouseholdFinance #BehavioralEconomics #debt #RCTs 1/n
1 in 4 UK credit card payments are at or close to the minimum payment (US similar). Minimum payment information on credit cards appears to act as an anchor making consumers more likely to pay at or close to the minimum. How can we help consumers to pay more? 2/n
PAPER 1 - Increasing credit card payments using choice architecture: The case of anchors and prompts... 3/n
Read 22 tweets
Politicians aren't leaders or rulers. They're puppets on strings. They have been ever since the signing of the Declaration of Independence, which was made invalid a few decades after it was signed. The United States OF America ceased to exist. The United States FOR America alive.
The Crown of England financed both sides of the Revolutionary war. When all said and done, threatened the newly formed United States OF America to a new war, which USofA couldn't afford. To avoid such war, a treaty was signed instead. After that, USofA became USforA. #US Corp.
Everything within United States FOR America is for sale. Since #FederalReserve Bank was implemented, which deals in #debt based fake money, as currency, US has been bankrupted. It went into bankruptcy and NEVER came out it. Unfortunately, fact. #Enslavement hidden behind scenes.
Read 25 tweets
"Apa Yang Kita Perlu Faham Mengenai Hutang Negara?"

Ditulis oleh: Ayman Rashdan Wong
(Ini adalah untaian)
#Malaysia #MalaysiaDebt #Debt #Hutang #FinanceMinister #MalaysiaBaharu #Ekonomi #GDP #Economy #EkonomiTerkini
Silakan retweet dan like
Tengok timeline penuh dengan ulasan tentang hutang negara, dari ulasan pakar hingga ulasan macam pakar hingga ulasan kalah pakar. Tangan den pun terasa gatal nak tulis, tapi memandangkan ini bulan Ramadan, jadi usahlah menimbulkan perbalahan.
Cuma, sebelum berbincang dan berdebat berkenaan hutang negara, ada beberapa konsep asas yang perlu difahami.
Read 20 tweets
THE #BOND #BUBBLE THAT ALREADY BURST

1. Once and for all, dispense with the notion that rising #InterestRates are a result of a growing #economy. Housing & industrial production is rolling over & retail sales are declining.

Rates are rising bc of INSOLVENCY & #CREDIT RISK.
2. In 2007, prior to the crisis, the following was true:

🔷 the average yield was 4.6%
🔷 the #deficit was 1% of #GDP
🔷 publicly traded #debt was ~ 5 trillion #dollars

Due to #ZIRP, if the 10 year goes to a meager 4.4%, bond investors will lose OVER 25% of their investment
3. In 2018-19, prior to the coming crisis, the following is true:

🔶 publicly traded debt is ~ 15 trillion dollars
🔶 the deficit will be 8.5% of GDP
🔶 so interest rates are going to the 🌝 🌟 💫

Unless of course the #CentralBanks reverse and buy everything up...
Read 9 tweets

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