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16 Nov
household debt

Debt, Debt, and More Debt

Debt, Debt, and More Debt Here’s the headline:  US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High.  A New York Fed report says that “that total household debt rose by $219 billion to reach $13.51 trillion in the third quarter of 2018—an increase of 1.6 percent, up from a rise of […]

15 Nov
dragging gold down

Dragging Gold Down

Dragging Gold Down It’s been a pretty bloody few weeks in the oil trading pits.  From the high at the beginning of October of almost $77 per barrel, the benchmark price of West Texas Crude fell to around $55 this week.  A sell-off of that magnitude in any market is a big deal.  It’s a […]