Debt Is Back with a Vengeance

In this, the second week of February, we got news that the Federal debt just hit $22 trillion!

Can’t say this is news to us.

The Federal debt has been doubling about every two administrations (about every eight years): $5 trillion to $10 trillion under President Bush… $10 trillion to $19 trillion under Obama.

If this trend continues (and it looks like it’s well on track to do so), that would mean, for the term after this one, we could see Federal debt at $36 trillion to $40 trillion.

And that’s whether or not Trump gets a second term.

How is that possible?

I tell you in today’s video. Watch now…

Consumer debt is also at record levels, at $13.5 trillion!

Auto loans have surged past mortgage loans… and subprime has made a comeback, this time in the auto lending industry. It seems lenders learnrned something from the mortgage crisis… but not much.

Guess how many car loans are already in default… and we’re not even in a recession yet?

Student loans are seeing increasing numbers of default as well…

Listen to today’s video for all the shocking details.

Harry

Follow me on Twitter @harrydentjr 

P.S. This building debt crisis is worrisome. It’s leading us down the path to the great reset I’ve been calling for. But we’re still about a year our before these dominoes trigger the end. Before then, we’ll enjoy a Dark Window opportunity in the stock market. Make sure you don’t miss it. And then stick with us to protect yourself from the downside when things start to turnrn bad into 2020.

Harry Dent

Bestselling author and founder of Dent Research, an affiliate of Charles Street Research. Dent developed a radical new approach to forecasting the economy; one that revolved around demographics and innovation cycles.