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America’s Debt Burden Will Fuel The Next Crisis
America’s Debt Burden Will Fuel The Next Crisis Just recently, Rex Nutting penned an opinion piece for MarketWatch entitled “Consumer Debt Is Not A Ticking Time Bomb.” His primary point is that low per-capita debt ratios and debt-to-dpi ratios show the consumer is quite healthy and won’t be the primary subject of the next crisis. To wit: […]
How Negative Interest Rates Screw Up the Economy
How Negative Interest Rates Screw Up the Economy Now they’re clamoring for this NIRP absurdity in the US. How will this end? Now there is talk everywhere that the United States too will descend into negative interest rates. And there are people on Wall Street and in the media that are hyping this absurd condition […]
Barron’s Nonsensical Idea: Cut Rates Like Mad to Avoid Recession
Barron’s Nonsensical Idea: Cut Rates Like Mad to Avoid Recession Barron’s writer Matthew Klein proposes to stop the recession by cutting interest rates like it’s 1995. Klein says How to Avoid a Recession? Cut Interest Rates Like It’s 1995. One of the most reliable harbingers of U.S. recession—short-term interest rates on U.S. Treasury debt higher than […]
Weekly Commentary: Comeuppance
Weekly Commentary: Comeuppance The Chinese Credit machine sputtered in July. Growth in Total Aggregate Financing dropped to $144 billion, almost 40% below consensus estimates. This was less than half of June’s $320 billion increase and the slowest expansion since February. The sharp slowdown was beyond typical seasonality, with the month’s growth in Aggregate Financing 18% […]
David Rosenberg: “These Are Truly Historic And Dangerous Times”
David Rosenberg: “These Are Truly Historic And Dangerous Times” We are living in dangerous times. Mostly, everyone I speak to lives in the here and now. They seem more interested in telling people how crazy cheap the stock market is and how crazy expensive the Treasury market is, rather than trying to look at the […]
Will They Take All Your Money?
Will They Take All Your Money? Why not? It’s not yours. Most people assume that, if they have money on deposit in a bank, they own that money. That’s not necessarily the case. Decades ago, some of the world’s most powerful countries began to pass legislation that, if you deposit money in the bank, it […]
Opinion: 10 alarming things about the economy that politicians won’t tell you
Opinion: 10 alarming things about the economy that politicians won’t tell you The Congressional Budget Office reveals shocking forecasts for immigration, debt and spending for the next 30 years How do you know a politician is lying to you? Simple: His lips are moving. Yes, it’s an old one — but none the worse for that. […]
Realizing the Full Implications of the Forthcoming Catastrophe
Realizing the Full Implications of the Forthcoming Catastrophe Delivering Tomorrow’s Curses Roman poet Virgil penned these words in his epic, The Aeneid, roughly a generation before the birth of Jesus of Nazareth. They can be loosely translated to, “the descent to hell is easy.” Those who’ve traversed this passage can attest to the veracity of this […]
Subprime 2.0: Mortgages Now Available For Borrowers Without Credit Scores
Subprime 2.0: Mortgages Now Available For Borrowers Without Credit Scores Waterstone Mortgage Corporation, a national lender, based in Wisconsin with licenses in 48 states, announced Tuesday that it’s now lending to people with aboustely no credit history, reported HousingWire. Waterstone calls it the “Non-Traditional Credit Program” will use other forms of financial history, such as cell […]
We’ve Arrived At The End Of The Road
We’ve Arrived At The End Of The Road Decades of central bank intervention have left us with an unavoidable insolvency crisis When Richard Nixon closed the gold window in August 1971, fully severing the US dollar from its gold standard, the Federal Reserve and other world central banks found themselves liberated. No longer was their […]
Global Debt Hits $246 Trillion, 320% Of GDP, As Developing Debt Hits All Time High
Global Debt Hits $246 Trillion, 320% Of GDP, As Developing Debt Hits All Time High According to the latest IIF Global Debt Monitor released today, debt around the globe hit $246 trillion in Q1 2019, rising by $3 trillion in the quarter, and outpacing the rate of growth of the global economy as total debt/GDP […]
State of the Globe: 13 Facts: why the next crisis is inevitable
State of the Globe: 13 Facts: why the next crisis is inevitable The order of the current problems laid down below is random. Hard to say which factor will be the next catalyst. Maybe all or several at the same time? Decide for yourself. 1. Unresolved political conflicts. Ask yourself: which conflicts have been finally […]
Debt, Deficits and the Cost of Free Lunches
DEBT, DEFICITS AND THE COST OF FREE LUNCHES It seems that every generation or two, fundamental economic ideas are questioned and challenged. The reasonable and important idea that governments should balance their budgets on an annual basis was challenged in the 1930s by the rise of Keynesian Economics and the counter-argument that deficit spending was […]
It IS Different This Time
It IS Different This Time They’re right. It IS different this time. It’s worse. Much, much worse. What is? Everything. In terms of preparedness for the next recession that is. Debt is higher than ever, be it corporate debt, government debt, central banks balance sheets, available ammunition to deal with a new recession, wealth inequality, […]
Waiting For The Black Swan
Waiting For The Black Swan War with Iran would be the beginning of the end Two more tankers were attacked near the Strait of Hormuz on Thursday morning (6/13/19) in the Gulf of Oman, and if hostilities advance we could be facing a ‘black swan’ event. One that changes everything, and divides the world into […]
