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Tag Archives: credit
The Chart That Explains Everything
The Chart That Explains Everything Why is the economy barely growing after seven years of zero rates and easy money? Why are wages and incomes sagging when stock and bond prices have gone through the roof? Why are stocks experiencing such extreme volatility when the Fed increased rates by a mere quarter of a percent? […]
Global Corporate Debt is Coming Unglued
Global Corporate Debt is Coming Unglued Default Rate Highest since 2009, US Distress Ratio Soars. Standard & Poor’s slashed the credit ratings of 112 corporations around the globe to default (D) or selective default (SD) in 2015, according to S&P Capital IQ Global Credit. The highest number of global defaults since nightmare-year 2009, when a previously […]
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns A little over a week ago, Marc Faber dialed in from Thailand to chat with Bloomberg TV about the outlook for US equities, the American economy, and USTs in the new year. The US is “already in a recession,” the […]
The Damage Has Been Done And The Consequences Will Be Suffered: “Have a Healthy Storage of Food, Precious Metals and Necessary Supplies”
The Damage Has Been Done And The Consequences Will Be Suffered: “Have a Healthy Storage of Food, Precious Metals and Necessary Supplies” While the band plays on and Americans celebrate New Year’s many have no idea what may be in store in 2016. Mainstream financial pundits like to paint a rosy picture of the current […]
Reinventing Banking: From Russia to Iceland to Ecuador
Reinventing Banking: From Russia to Iceland to Ecuador Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items: In Russia, vulnerability to Western sanctions has led to proposals for a banking system that is not only independent of the […]
David Collum: The Next Recession Will Be A Barn-Burner
David Collum: The Next Recession Will Be A Barn-Burner With very few places for capital to hide For those who enjoyed his encyclopedic 2015: Year In Review, this week we spend an hour with David Collum to ask: After processing through all of that information, what do you think the future is most likely to bring? Perhaps it […]
More Canadians Going Cashless Thanks To Apps, Credit And Debit Cards
More Canadians Going Cashless Thanks To Apps, Credit And Debit Cards TORONTO — Maureen Turner still makes a point of carrying coins and bills in her wallet — but not for her own personal use. “I have four kids, and often the teenagers will say: ‘I need $20 for lunch at school,'” says the Georgetown, […]
The End of the Bubble Finance Era
The End of the Bubble Finance Era We are nearing a crucial inflection point in the worldwide bubble finance cycle that has been underway for more than two decades. To wit, the world’s central banks have finally run out of dry powder. They will be unable to stop the credit implosion which must inexorably follow […]
The IMF Joins the New Cold War
The IMF Joins the New Cold War On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the […]
Peter Schiff Warns: “The Whole Economy Has Imploded… Collapse Is Coming”
Peter Schiff Warns: “The Whole Economy Has Imploded… Collapse Is Coming” Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions about a coming economic collapse. Among other things Schiff warned that consumer spending had hit a wall, stocks were overpriced and lax credit lending practices would lead to a detonation of the […]
Seek and Ye Shall Find
Seek and Ye Shall Find A man who wants to lead the orchestra must turn his back on the crowd.” – Max Lucado. So. Farewell then Jim Slater, who died earlier this month. We met Mr. Slater only once, at an investment conference at the height of the financial crisis in 2008. Just before going on […]
Nicole Foss presents: Challenge and Choices
Nicole Foss presents: Challenge and Choices Nicole Foss: After more than 30 years of exponential growth, gargantuan resource demand and increasingly frenetic consumption, we have now reached, or are reaching, an array of limits to growth. During our long, debt-fuelled boom, we reached out spatially through globalisation to monetise as much global production as possible, in […]
Weekly Commentary: Monetary Fiasco
Weekly Commentary: Monetary Fiasco All great monetary fiascos are forged upon a foundation of misperceptions and flawed premises. There’s always an underlying disturbance in money and Credit masked by supposed new understandings, technologies, capabilities and superior financial apparatus. During the nineties “New Paradigm” period, exciting new technologies and “globalization” were seen unleashing a productivity and […]
The $4.6 Trillion Leveraged Loan Market—–Next Crisis In The Making
The $4.6 Trillion Leveraged Loan Market—–Next Crisis In The Making Financial crises take about a decade to be born. Having lived through four of them, I see the raw materials for a fifth one — flowing from the collapse of so-called leveraged loans — debt piled on top of companies with weak credit ratings. Before examining […]
