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Tag Archives: gdp
China Central Bank Admits It Has A Debt Problem, Warns No Easy Solution
China Central Bank Admits It Has A Debt Problem, Warns No Easy Solution It’s a well-known risk, perhaps the biggest to the global financial system: China’s debt is too high, with estimates ranging from 250% to 300% of GDP per the IIF: And while China has largely ignored, or avoided, discussing the troubling implications of […]
Bill Gross: “Our Financial System Is A Truckload Of Nitroglycerin On A Bumpy Road”
Bill Gross: “Our Financial System Is A Truckload Of Nitroglycerin On A Bumpy Road” Courtesy of Bill Gross’ latest monthly letter “Show Me The Money“, here are some perspectives on the only thing that has kept the global economy going since the financial crisis: debt, and lost of it. in 2017, the global economy has […]
Europe or Anti-Europe?
Europe or Anti-Europe? MILAN – A knowledgeable friend in Milan recently asked me the following question: “If an outside investor, say, from the United States, wanted to invest a substantial sum in the Italian economy, what would you advise?” I replied that, although there are many opportunities to invest in companies and sectors, the overall […]
Is The Renewable Transition Harming The U.S. Economy?
Is The Renewable Transition Harming The U.S. Economy? Recent data from the 2017 Sustainable Energy in America Factbook suggests that sectors of America’s energy market are quickly shifting towards greener energy, while also dispelling the myth that such shifts will hurt the economy. Despite a GDP growth of 12 percent since 2007, America’s usage of energy has […]
How Do We Design a DeGrowth Economy?
How Do We Design a DeGrowth Economy? The conventional objections to DeGrowth boil down to: it isn’t the status quo, so it can’t work. Actually, it’s the status quo that isn’t working. I’ve written about DeGrowth for many years, including Degrowth, Anti-Consumerism and Peak Consumption (May 9, 2013), Degrowth Solutions: Half-Farmer, Half-X (July 19, 2014) and And the Next Big Thing […]
Conference Board sees modest economic growth in 2017
Conference Board sees modest economic growth in 2017 Alberta expected to lead all provinces in economic growth this year Retail sales activity is expected to cool this year and next, the Conference Board of Canada says. (Chris Wattie/Reuters) The national economy should see a slight pick-up this year, the Conference Board of Canada said in […]
Alan Greenspan: Ron Paul Was Right About The Gold Standard
Alan Greenspan: Ron Paul Was Right About The Gold Standard As John Rubino eloquently puts it, “when the history of these times is written, former Fed Chair Alan Greenspan will be one of the major villains, but also one of the greatest mysteries. This is so because he has, in effect, been three different people.” Greenspan started […]
Which Assets Are Most Likely to Survive the Inevitable “System Re-Set”?
Which Assets Are Most Likely to Survive the Inevitable “System Re-Set”? Your skills, knowledge and social capital will emerge unscathed on the other side of the re-set wormhole. Your financial assets held in centrally controlled institutions will not. Longtime correspondent C.A. recently asked a question every American household should be asking: which assets are most […]
These are the Countries with the Biggest Debt Slaves, and Americans Are Only in 10th place
These are the Countries with the Biggest Debt Slaves, and Americans Are Only in 10th place So who the heck are the Really Great Ones? Americans have been on a borrowing binge. To buy their favorite cars and trucks, they’ve loaded up on $1.14 trillion in auto loans. Young and not so young Americans are mortgaging […]
What has gone wrong with oil prices, debt, and GDP growth?
What has gone wrong with oil prices, debt, and GDP growth? Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments. If we want any kind of specialization, we […]
President-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending.
President-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending. Unfortunately, he is unlikely to have the room for manoeuvre to achieve this ambition as well as his intended tax cuts, because the Government’s finances are already in a perilous state. It is also becoming increasingly likely […]
Global Debt Investors: The Silence of the Lambs
Global Debt Investors: The Silence of the Lambs More haunting even than the terrified screams of lambs being led was the silence that followed their slaughter. Such was the searing pain of relentless recollection for FBI agent Clarice Starling, the tortured lead played to Oscar perfection by Jodie Foster. In an agonizingly whispered scene that […]
The Floodgates Begin To Open
The Floodgates Begin To Open It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth around the world is anemic – which is to say debt continues to increase faster than the productive capacity to service it – and inflation […]
Hell To Pay
SkillUp/Shutterstock Hell To Pay The final condition for a market crash is falling into place Sometimes I wonder if I’m ever going to run out of new things to say about the economy. Nothing interesting has happened in a long time. Our liquidity-drunk “markets” remain over-priced due to the chronic intervention of the global central […]
China Relies On Property Bubbles To Prop Up GDP
China Relies On Property Bubbles To Prop Up GDP Carl Mydans Sharecropper’s family in Mississippi County, Missouri 1936Lots of China again today. Most of it based on warnings, coming from the BIS, about the country’s financial shenanigans. I’m getting the feeling we have gotten so used to huge and often unprecedented numbers, viewed against the backdrop of […]
