Zero Hedge
In June, Barclays economist Adirenne Yih wrote in a note to clients (available to pro subscribers in the usual place), explaining the restart of student loan payments [in October] would be a $15.8 billion monthly headwind — or a $190 billion per year — to the US economy as the average student debt holder sees an incremental monthly payment of — $390 beginning this fall.
With the return of these payments for 40 million Americans, the threat of consumer spending sliding is high. We’ve asked: Student Loan Repayments – Will It Start The Recession?
… and comes as the latest revolving credit (i.e., credit card debt) data shows consumers are nearing a breaking point as the spending binge wanes with interest rates at 22-year highs. More
Looting the Treasury like an inner-city CVS.
Will start a recession, man are they to the party
Yet another example, just one of thousands, of why drugs in the White House and policy decisions should not be mixed.
The next plandemic will fix everything.
U.S. National Debt Tops $32 Trillion, Biden’s economic and energy policies, inflation and the dollar doesn’t buy shit anymore, but the government and media blowing smoke up our collect butts about student loans being repaid causing a recession we’ve been in for months.
Biden and the Congress will NOT take responsibility for their SPENDING and Policy failures.
PRINT MORE MONEY !
Hell, Lets send Ukraine another $50 Billion while we’re pissing away money we don’t have.
Future generations will never get out of debt.
FJB and Congress.
I just wonder if we can survive the next year and a half.
Democrats are the anchor that is MORE than WILLING to sink America for the sake of keeping themselves in control.
It’s all or nothing.
Ahem!
You spelled Ukrainian Aid incorrectly.
“Grind them between the millstones of inflation and taxation.”
Not to worry. Soon we’ll have $1 quadrillion stimulus in the from of reparations that will ignite the next decade long bull market. Or maybe we’ll find some banks to hand a bunch of money to. Either way, it’s as simple as creating cash from thin air to keep us from economic disaster. What, have you learned nothing since 2008? Jerome Powell might say something like “thinking about thinking about thinking of reducing the pace of rate hikes” and BOOM new highs, baby!!! Keep that 24/365 casino open for afterhours!
Let me get this straight: Borrowing helps the economy but repaying the debt harms it.
Too late; they already did it with fakeflu.
You just haven’t seen all the results, yet
At some point you laugh at how stupid humans seem to be. Even a bird knows what to eat, how to build a nest, and many will store food in hidey holes. Watching my mockingbirds raise their cute chicks, scold them to not trust the human, teach them to fly and hunt, poppy teaching son his songs.
2 blocks away at the school, a vet crossing guard got hit by a car; as he grabbed and saved the kid out from in front. Your usual Karen on the phone just plowing through a school zone with flashing lights and our favorite guard in a vest waving a stop sign. How can someone that stupid even be allowed to drive?