Huge Pile of Debt

American’s did not seem to learn that much from the last Financial Crisis – still living beyond their means:

• Bloomberg – Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover

and Student loan debt is getting ridiculous:

• Motley Fool – Paying Off Student Debt Isn’t a Priority Among Graduates — and That’s a Problem

Broke consumers could be part of the explanation for the retail apocalypse, which gets worse each day:

• Business Insider – Macy’s plunges after warning that its profit margins are shrinking

For some reason, the markets are ignoring all this – speculation is on the rise:

• ZeroHedge – “It’s Pure Frenzy” – Bitcoin Extends Overnight Gains, Rises 200% Year-To-Date
• Business Insider – Tesla is trading at all-time highs and Pinterest raises $150 million at a $12 billion valuation

Gold and Bonds are back to where they were before Trump was elected – yet stocks are still at all time highs?  Who is right?

• Zerohedge – BofA: “If Bonds Are Right, Stocks Will Drop Up To 20%”
• MarketWatch – Gold prices log highest settlement since early November

Extra:  What happened to Healthcare?

• Business Insider – ‘I just don’t think we can put it together’: Senate Republicans may try to vote by July 4 on a healthcare bill that could fail