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RE: We Are At The End Of A Credit Cycle, Credit Is Declining, We Are At The End: Jason Burack

in #credit7 years ago

The economic downturn will hit harder than the 2008 Recession, because now the problems aren't just in a few centralized areas (banks / housing market). It is now including student loan debt, sub prime auto loans, cosumer credit debt, and corporate credit debt. When these bubbles start to pop, which now with the news stating that credit/loan applications are decreasing, retail stores closing, student loan default increasing. These are signals showing that the downturn is near.
Thank you for doing what you do. More people need to wake up and seeing what is going on in front of them before it is too late.