She co-founded the College Affordability Caucus and has urged the Biden Administration to forgive student loan debt.

Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”

For some, the essentials are religious—the spirit of this season has nothing to do with shopping or all the crazy trappings of the holidays. For others, myself included, the essentials are spending time with loved ones.

Set Yourself Up for Success Contrary to popular belief, having more debt doesn’t increase your chances of aid.

An estimated 26 billion barrels of oil are trapped below federal lands, waiting on permits. The Institute for Energy Research estimates that federal lands hold $128 trillion in oil and gas resources, “about eight times our national debt.”

Kate (Claire Holt) tries to calm her panicked sister Lisa (Mandy Moore), after they realize they're trapped at the bottom of the ocean in "47 Meters Down." (Entertainment Studios Motion Pictures) Can We Stop Now?

According to a May 2019 report at Knowledge@Wharton (pdf), Evergrande’s astonishing growth “was built on a ‘high debt, high leverage, high turnover, and low cost’ model.”

Daniel Lacalle is chief economist at hedge fund Tressis and author of “Escape From the Central Bank Trap,” published by BEP. 

It's even less of a coincidence that unproductive debt has ballooned.

Extending Your Debt Many people wrongly assume that just because they can access higher debt levels, it must be in their best interest to actually do so.

Daniel Lacalle is chief economist at hedge fund Tressis and author of “Escape From the Central Bank Trap,” published by BEP. 

Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”

In July, the National Consumer Law Center (NCLC) released a report titled "The Student Loan Default Trap." This report draws attention to the consequences when defaulting on a student loan.

But the weird thing about Western alienation is that, while it never should have happened, it may trap the federal government into doing a number of right things after having exhausted the alternatives.

This high-pressure injection of liquid fractures the shale and releases both oil and natural gas that otherwise remain trapped within the rock. That in itself is problematic.

Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”

“Average incomes are failing to keep up with housing costs, people are struggling to pay off record-high household debts and increasingly unable to find housing they can afford,” Dauphin added.

Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”

Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”

Many workers are held under debt bondage, forced to repay money the company gave to the agents who sold them. Some end up locked inside.

According to a definition by Investopedia, an inverted yield curve represents a situation in which long-term debt instruments have lower yields than short-term debt instruments of the same credit quality.

"Districts cannot reduce their fixed costs—maintenance, utilities, debt service, transportation, etc.

Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”

China has also forgiven $6 billion in debt to Cuba, more than half of the total debt it has forgiven its trading partners over the 18 years to 2018 (pdf). 

Our first year of marriage was characterized by a very limited budget from all our college debt.

If a person’s weakness is lust they may find themselves in a sex trap, referred to as a “honey trap.” Others may be approached by agents of influence and be brought in as a “friend of China” who will act out of a sense of helping a friend.

Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”

Not to mention that China's per capita debt is about 170,000 yuan, and most people have no money in their pockets.

Western banking community will thus continue to avoid the Hotel California trap. As enticing as it sounds, China’s financial industry has lost its glamour.

Money Traps to Avoid When Retirement Planning Finding ways to avoid these common “retirement money traps” will inevitably make the entire retirement planning process much easier.