By voting to flee the European Union, the Brits shocked the world … but only because the world wasn’t paying attention. Now comes the day after Brexit, and it promises to be worse than the event itself.
May’s jobs data shows that the U.S. consumer is struggling. But there’s much more to this picture, as consumer debt will pass $1 trillion for the first time since the recession … something has to give.
Don’t believe anything saying a rate hike is on the table in July. It’s not. The U.S. won’t see meaningfully higher rates for many years. The sooner you accept this, the sooner you can avoid financial ruin.