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Social Change Will Upend the Status Quo
Social Change Will Upend the Status Quo The nation is fragmenting because the Status Quo is failing the majority of the citizenry. The core narrative of the Status Quo is that nothing fundamental needs to be changed: all the problems can be solved with more “free money” (borrowed from the future at low rates of […]
World Debt Is Rising Nearly Three Times As Fast As Total Global Wealth
World Debt Is Rising Nearly Three Times As Fast As Total Global Wealth Some nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. But, that’s okay because no one cares about the debt, only the assets matter nowadays. You see, […]
The Municipal Debt Crisis Begins
The Municipal Debt Crisis Begins I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The North Rhine-Westphalian Association of Cities has called for help from the future German federal government as the building crisis among financially weak […]
Median Family Net Worth Under 1989 Level: Debt-to-Money Worst Since 62
Median Family Net Worth Under 1989 Level: Debt-to-Money Worst Since 62 As the stock market soars to new highs, here’s some sobering statistics to consider. The stock market is at an all-time high but Americans Owe More, Save Less, and are Poorer Than in Decades. Negative Wealth Percentage On the Rise Sobering Stats A greater […]
Is the High Level of Debt a Major Economic Risk Factor?
IS THE HIGH LEVEL OF DEBT A MAJOR ECONOMIC RISK FACTOR? Many economic commentators regard high level of debt relative to GDP as a major risk factor as far as economic health is concerned. This way of thinking has its origins in the writings of the famous American economist Irving Fisher. According to Irving Fisher,[1] […]
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree It’s official: the reason behind the recent rebound in the economy can be explained with two words: “charge it.” Readers may recall that one month ago, we reported that with Republicans in Washington on the verge of passing their first major piece […]
Bitcoin isn’t the bubble — the global financial system is
Bitcoin isn’t the bubble — the global financial system is © Getty Images Pretty much every article you read about bitcoin in the mainstream press ends up in the same place. You may not hear it until the seventh or eighth paragraph, but eventually you’ll be told that the whole thing is nothing more than […]
Why You Should Embrace the Twilight of the Debt Bubble Age
Why You Should Embrace the Twilight of the Debt Bubble Age People are hard to please these days. Clients, customers, and cohorts – the whole lot. They’re quick to point out your faults and flaws, even if they’re guilty of the same derelictions. The recently retired always seem to have the biggest axe to grind. […]
The Debt Beneath
The Debt Beneath Debt is irrelevant and matters not. It’s different this time. That’s the message from politicians, markets and participants. Tax cuts pay for themselves (they do not), leverage doesn’t matter (it does) and the increased costs of servicing the debt as a result of rising rates will be offset by imaginary real wage […]
Economists Think Inflation Will Rise Sharply in 2018: They’re Wrong
Economists Think Inflation Will Rise Sharply in 2018: They’re Wrong Let’s investigate six reasons economists think inflation is about to pick in 2018, and why I think they are dreaming. Reason Number One – Wage Hikes Minimum wages rise in 18 states starting in 2018. Former Fed Vice-Chairman Stanley Fischer told Bloomberg TV on October […]
The Inescapable Reason Why the Financial System Will Fail
girardatlarge.com The Inescapable Reason Why the Financial System Will Fail Credit cannot expand faster than fundamentals forever Modern finance has many complex moving parts, and this complexity masks its inner simplicity. Let’s break down the core dynamics of the current financial system. The Core Dynamic of the “Recovery” and Asset Bubbles: Credit Credit is the […]
Weekly Commentary: A Phenomenal Year
Weekly Commentary: A Phenomenal Year 2017 was phenomenal in so many ways. The year will be remembered for a tumultuous first year of the Trump Presidency, the passage of major tax legislation and seemingly endless stock market records. It was a year of synchronized global growth and stock bull markets, along with record low market […]
The Great Recession 10 years later: Lessons we still have to learn
The Great Recession 10 years later: Lessons we still have to learn © Getty Ten years ago this month, a recession began in the U.S. that would metastasize into a full-fledged financial crisis. A decade is plenty of time to reflect on what we have learned, what we have fixed, and what remains to be […]
China Admits To Fake Data (Again) – Hidden Debt & Inflated Revenues
China Admits To Fake Data (Again) – Hidden Debt & Inflated Revenues It’s not the first time (and it won’t be the last), but a recent nationwide audit found some local governments inflated revenue levels and raised debt illegally, once again crushing China’s credibility on the global stage when it comes to economic performance. As […]
The Global Economy in 2018
Getty Images The Global Economy in 2018 The global economy will confront serious challenges in the months and years ahead, and looming in the background is a mountain of debt that makes markets nervous – and that thus increases the system’s vulnerability to destabilizing shocks. Yet the baseline scenario seems to be one of […]
