Posts Tagged ‘billion’

“In the final quarter of 2018, U.S. credit-card debt reached $870 billion – outpacing the recession – according to Bloomberg. The U.S. has added 100 million credit cards to its circulation since the financial crisis…there are nearly twice as many credit cards in use as there are adults to use them.” -The Crux

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Leveraged Loans defined:

“…arranged by a syndicate of banks, to companies that are heavily indebted or have weak credit ratings.” -IMF

“…are effectively provided to companies already swimming in debt.” -Nomi Prins

“That was all good and well when interest rates were super low, making it easier for companies to borrow oodles of money,”

“This year, leveraged loan issuance reached an annual rate of $745 billion. That’s nearly the same as the prior record of $762 billion in 2007 before the financial crisis and just a bit less than last year’s record of $788 billion globally.”

“Washington’s $523 billion in debt service costs this year was the highest on record. That’s more than Belgium’s entire economic output (or GDP) this year.” -Chris Lowe

“Thanks to Google, Facebook, and all the other data-gathering operations being run out of Silicon Valley, children born in the last decade will have no concept of privacy.

These companies will record, monitor, and track every single thing they do online. The word ‘privacy’ will be a meaningless term to them….

These Silicon Valley giants gather mindboggling amounts of highly personal data on their 4 billion combined users.

They then hawk it to advertisers… and even pass it on to the National Security Agency (NSA), via court-approved electronic eavesdropping programs….

Every traditional digital financial transaction you’ve ever made – credit card payments, bank transfers, even ATM withdrawals – has been tracked, stored, and monitored.”

-Chris Lowe

Banks are keeping billions of dollars from Americans…  Right now, according to the Financial Industry Regulatory Authority, about $350 billion is sitting in brokerage accounts earning an average of 0.12%. That’s about $420 million in interest.  But if all those people with that cash just sitting there moved it to an account earning 1%, the interest earning soars to $3.5 billion a year.  That’s like leaving nearly $3.4 billion in free money on the table.  Make your money work for you.  Stop letting these banks steal your interest.” -David Eifrig

“Money tells you if you are good enough that people are willing to spend their hard earned dollars on you rather than the other seven billion people.” -James Altucher

“The worst you can do is try to compete with the other seven billion people on this planet…. I am not good enough to compete with 7 billion other people on the planet. If you think of a new way to help people, you no longer have to compete with 7 billion other people.” -James Altucher