An epidemic of store closings, restructurings, bankruptcies… as the American consumer runs out of options.
With predictable consequences.
Doctor’s insight: Bookies call it the “vig,” insurance companies call it a “PPO Repricing Fee.” It allows them to go around state insurance laws.
Sweet Spot: Homes above $15 million.
She’ll be 55 before her net life-time earnings equal those of an enterprising person who left school at 16.
Subprime giveth, subprime taketh away.
Hapless American consumers appear to have hit a limit.
Not everyone is irrationally exuberant.
“Lies, Damn Lies, and Statistics”
Reader speaks up: Sensible people at all income levels are altering their behavior to be ready for what may happen.