US: Drowning in Debt While Tycoons Laugh All the Way to the Bank

Consumers, students are months behind in payments, many homeless

Although the Trump administration is hugely bullish on the American economy, citing healthy stock market gains and falling unemployment, there are signs the economy is about as schizophrenic as it has been in history, with growing imbalances that the administration shows every sign of exacerbating.

Although consumer confidence climbed to a 17-year high i…