Household Debt is Rising, Incomes are Shrinking; Are We Headed Toward a Big Recession?
Aug 14, 2024 ·
13m 18s
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Description
Food and Energy prices have skurocketed over the past 3 1/2 years fueling across-the-board high inflation. In response, many American households resorted to paying for essentials with crefit cards, increasing...
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Food and Energy prices have skurocketed over the past 3 1/2 years fueling across-the-board high inflation. In response, many American households resorted to paying for essentials with crefit cards, increasing their personal debt. Not only are we seeing consumer debt increase, credit card and auto loan delinquencies are rising as well. The signs of a pending big recession loom. What are the chances it happens? Swiss America CEO Dean Heskin and Chris Agalestos look into the numbers, what's happening, vaariables and what could happen with the economy in the near future on The Secret War on Cash
Call for your FREE copy of The Secret War on Cash newsletter: (800) 289-2646 or
Visit our website for more information: https://www.swissamerica.com
Call for your FREE copy of How the Coming Global Crash Will Create a Historic Gold Rush: (480) 548-2975
Follow us on Facebook: https://www.facebook.com/swissamerica/
Follow us on X (Twitter): @Swiss_America
Follow us on LinkedIn: https://www.linkedin.com/company/1023049
Artcles referred to in this podcast:
https://www.foxbusiness.com/media/ex-fast-food-ceo-rips-economists-us-recession-read-people-suffering
https://www.newsbreak.com/share/3553460085318-rising-household-debt-and-shrinking-incomes-are-setting-the-stage-for-a-recession-top-economist-says?_f=app_share&pd=08oc6YBL&lang=en_US&send_time=1723124233&trans_data=%7B%22platform%22%3A0%2C%22cv%22%3A%2224.31.0.23%22%2C%22languages%22%3A%22en%22%7D&sep=ns_foryou_rank_exp_24q3-v2%2Cns_local_strategy_24q3_exp-v1%2Cns_vsp-v1%2Cns_pushv1-v4%2Cns_foryou_model_exp_24q3-v5%2Cns_foryou_blend_exp_24q3-v4%2Cns_foryou_recall_exp_24q3-v8&s=i3
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Call for your FREE copy of The Secret War on Cash newsletter: (800) 289-2646 or
Visit our website for more information: https://www.swissamerica.com
Call for your FREE copy of How the Coming Global Crash Will Create a Historic Gold Rush: (480) 548-2975
Follow us on Facebook: https://www.facebook.com/swissamerica/
Follow us on X (Twitter): @Swiss_America
Follow us on LinkedIn: https://www.linkedin.com/company/1023049
Artcles referred to in this podcast:
https://www.foxbusiness.com/media/ex-fast-food-ceo-rips-economists-us-recession-read-people-suffering
https://www.newsbreak.com/share/3553460085318-rising-household-debt-and-shrinking-incomes-are-setting-the-stage-for-a-recession-top-economist-says?_f=app_share&pd=08oc6YBL&lang=en_US&send_time=1723124233&trans_data=%7B%22platform%22%3A0%2C%22cv%22%3A%2224.31.0.23%22%2C%22languages%22%3A%22en%22%7D&sep=ns_foryou_rank_exp_24q3-v2%2Cns_local_strategy_24q3_exp-v1%2Cns_vsp-v1%2Cns_pushv1-v4%2Cns_foryou_model_exp_24q3-v5%2Cns_foryou_blend_exp_24q3-v4%2Cns_foryou_recall_exp_24q3-v8&s=i3
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