On 60 Minutes Jerome Powell dismissed surging auto loan delinquencies by saying they merely reflect that not everyone is benefitting from the widespread prosperity the U.S. is currently enjoying. But soaring delinquencies are more evidence that the prosperity is not widespread!
Mar 11, 2019
The Only Potential Risks Powell Sees Right Now
Jerome Powell told 60 Minutes that the only potential risks he sees facing the U.S. economy are slowing economies in Europe and Asia. Record Federal, state, corporate, and personal debts do not concern him at all. He is also not worried about the housing or auto markets. Crazy!
First Down Week For U.S. Stocks In 2019
In fact, this is the first down week that the U.S. stock market has had in 2019. Something tells me it's certainly not going to be the last.
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