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Old 07-02-2017,
AraSonnier AraSonnier is offline
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To me there is little doubt that our economy is heading toward a recession. It seems like up till now, the economy has been laughing in the face of inflation, high energy prices and the amount of money that people have leveraged. The fact that the market has done so well the past few months is a complete mystery to me.

Not only are people borrowing more for their homes with short term ARM loans, but they continue to rack up massive amounts of debt on their credit cards. When the initial low rate on the ARM is up and they are faced with a drastically higher mortgage payment, the credit card debt will only continue to increase. While in the short term they will continue to charge items they need, at some point they will no longer be able to make purchases.
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