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Real GDP growth is above 3%, unemployment rate is near 4%, and other economic indicators are flashing green. Yet, I have an unpeaceful, uneasy feeling.
Chapter 11 (bankruptcy) filings are rising and are back to Great Recession levels.
Another indicator, commercial and industrial lending from commercial banks, is approaching a flat stall. Even real estate lending is slowing again YoY.
Throw in our Federal government debt of over $20 trillion and skyrocketing consumer debt,
So, The Federal Reserve was wildly successful in terms of lowering interest rates and encouraging the Federal government and households to gorge on debt. Wait, households are responsible for the Federal debt!
Perhaps we are already gone!
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