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Tag Archives: debt
Who’s Next to Fail in the Post-COVID World? As much as I hate to invoke The Ayn Rand lest I give off the impression I’m some kind of Objectivist, which I am most certainly not, the engine of the world is coming to a halt. Money velocity has been falling for years. It is now […]
Atlas Is Shrugging
Atlas Is Shrugging “Government help to business is just as disastrous as government persecution… The only way a government can be of service to national prosperity is by keeping its hands off.” – Ayn Rand Congress has just approved an economically bloated $2.2 trillion spending relief bill, an amount more substantial than the GDP of all […]
West Faces “Social Bomb” As Pandemic Sparks Unrest Among Poorest
West Faces “Social Bomb” As Pandemic Sparks Unrest Among Poorest The next phase of the COVID-19 pandemic could be a flare-up of social unrest across major Western cities as millions have lost their jobs, economies have crashed into depressions, and the military is being called up to maintain order. The Federation of Red Cross and Red Crescent Societies (IFRC) […]
Greatest Depression Already Started – Gerald Celente
Greatest Depression Already Started – Gerald Celente Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says the world is already in an economic depression. Celente explains, “Never in the history of the world has the whole world, or most of the world, been shut down by politicians destroying people’s lives and […]
Italian Debt Crashes Prompting ECB Intervention
Italian Debt Crashes Prompting ECB Intervention Welcome to the brave new world of a helicopter money, aka the Magic Money Tree (MMT), where everything is crashing and nowhere more so than in Europe, which having made a dramatic U-turn on its historic fiscal stinginess, and where a flood of debt is now expected, bond yields […]
Toxic Loans Around the World Weigh on Global Growth
Toxic Loans Around the World Weigh on Global Growth Preface. Obviously endless growth on a finite planet is impossible. Clearly the main “benefit” of debt is being able to rape and pillage the planet immediately. The accumulating debt can never be paid off, because energy is required to grow GDP (they’re locked in a death […]
Lebanon Announces Default On $1.2BN Debt Payment In Historical First
Lebanon Announces Default On $1.2BN Debt Payment In Historical First Lebanon announced Saturday it will default on its Eurobond debt for the first time in its history. The protest-racked country has seen a recent change in government, banks opened for merely about half of the past few months, strict controls on hard currency withdrawals and transfers abroad amid a liquidity […]
Next Economic Downturn May Last Forever And A Day
Next Economic Downturn May Last Forever And A Day Market Manipulation Has Created Big Problems Based on how Japan has fared over the last several decades it is difficult to see the green shoots of a global economic spring forth as a result of lower interest rates. In fact, the next economic downturn will likely […]
No, The Fed Will Not “Save the Market”–Here’s Why
No, The Fed Will Not “Save the Market”–Here’s Why The greater the excesses, speculative euphoria and moral hazard, the greater the reversal. A very convenient conviction is rising in the panicked financial netherworld that the Federal Reserve and its fellow dark lords will “save the market” from COVID-19 collapse. They won’t. I already explained why […]
Covid-19: Global Retrenchment Will Obliterate Sales, Profits and Yes, Big Tech
Covid-19: Global Retrenchment Will Obliterate Sales, Profits and Yes, Big Tech If you think global demand will rebound as global debt and confidence implode, you better not be making consequential decisions based on Euphorestra-addled magical thinking. Even before the Covid-19 pandemic, the global economy was slowing for two reasons: 1) everybody who can afford it already […]
China Injects A Record 5 Trillion Yuan In New Debt To Arrest Economic Crash
China Injects A Record 5 Trillion Yuan In New Debt To Arrest Economic Crash There was a palpable sense of disappointment last night when instead of cutting its benchmark overnight interest rates, Loan Prime Rate, as some – notably Goldman Sachs – had speculated might happen, the PBOC announced that it would only lower its […]
No One Gets Out Of Here Alive
NO ONE GETS OUT OF HERE ALIVE “The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to […]
The Coming Exponential Silver Price Movement
The Coming Exponential Silver Price Movement As the global highly-leveraged debt-based financial system comes under serious stress, investors are going to finally realize that the silver market is very tiny and extremely undervalued. This is when we will likely see the exponential silver price movement. And, it’s not a matter of “IF,” but rather a […]
MacroView: The Next “Minsky Moment” Is Inevitable
MacroView: The Next “Minsky Moment” Is Inevitable In 2007, I was at a conference where Paul McCulley, who was with PIMCO at the time, was discussing the idea of a “Minsky Moment.” At that time, this idea fell on “deaf ears” as the markets, and economy, were in full swing. However, it wasn’t too long before the 2008 “Financial Crisis” brought […]
