Debt. It follows you wherever you go. If your city, state, province, or country is in debt, it’s still on your back. You can’t escape it. And it’s all because of central banks. Many assets are connected to floating rates and that is going to eventually spell disaster since there is no possible way to withstand higher interest rates.
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Sources Used in This Video:
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Credit-Card Losses Surge at Small Banks - WSJ
https://www.wsj.com/articles/credit-card-losses-surge-at-small-banks-1520198436
Rising Rates Sounding Alarm Bells for Debt-Laden U.S. Consumers - Bloomberg
https://www.bloomberg.com/news/articles/2018-04-02/rising-rates-sounding-alarm-bells-for-debt-laden-u-s-consumers
Workers Say McDonald’s Isn’t Keeping Up With Rising Local Wages - Bloomberg
https://www.bloomberg.com/news/articles/2018-04-02/workers-say-mcdonald-s-isn-t-keeping-up-with-rising-local-wages
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