US credit card debt is mounting as banking giant Goldman Sachs warns Americans are facing an affordability crisis. New data from the Federal Reserve Bank of New York shows American credit card debt increased by $44 billion in the fourth quarter of 2025, hitting $1.28 trillion. Meanwhile, mortgage balances ballooned by $98 billion to reach…
The US government is increasing its national debt at a remarkable rate. New data from the Treasury Department shows the national debt exploded to over $38.513 trillion on January 26th. The figure represents an increase of over $132.987 billion in just one month. In an interview with David Rubenstein at the 2026 State of American…
The year 2025 has arrived with more questions than answers about the global economy. The most important topic at the heart of every debate is the growing list of unanswered economic questions. Investors, policymakers, and everyday citizens are struggling to interpret signals from markets, governments, and central banks. Despite constant predictions, clarity is missing. Global…
Former Goldman Sachs executive Raoul Pal is outlining what he says are the two most important charts “in all of macro.” The Real Vision chief executive and co-founder tells his 1.2 million followers on X that aging demographics force governments to borrow more money to support gross domestic product (GDP) growth and pay interest on…
Foreign investors, who had been on a 16-day buying streak in Indian shares until the clashes flared up Friday, may resume flows as volatility subsides. Meanwhile, in Pakistan, the International Monetary Fund’s approval of $1 billion in immediate disbursement along with a new $1.4 billion plan for climate resilience will be a booster for its…
Essar Oil and Gas Exploration & Production Ltd. (EOGEPL) has held initial talks to raise $275 million through overseas bonds, marking its first fundraising initiative since undergoing a debt restructuring, according to people familiar with the matter. “The company has held talks with a couple of global banks to assess their interest for a possible…
Treasury Secretary Janet Yellen is urging Congress to act as the debt ceiling deadline approaches. In a letter to Speaker of the House Mike Johnson, Yellen says the government will likely reach its debt limit sometime in January, largely because of obligations related to Medicare payments – forcing the government to take “extraordinary measures” to…
New numbers show the US government is piling a staggering amount of debt onto its balance sheet every single day. The nonpartisan, nonprofit Committee for a Responsible Federal Budget (CRFB) says the federal government is now borrowing $8 billion per day just to keep things running. Citing data from the Congressional Budget Office (CBO), the…
Harris vs. Trump: My Prediction for the US Election Polls say the US presidential election it is nearly a dead heat and thus a tossup. Then again, given past history, who can believe the polls. I wish I had a crystal ball. Alas, there is no genie in my bottle. So, there is…
The International Monetary Fund (IMF) is sounding the alarm on skyrocketing levels of debt held by governments around the world. In its newest Fiscal Monitor Report, the IMF says global debt is expected to surpass $100 trillion by the end of the year. That’s up from $97 trillion a year ago, with the United States…