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Dutch Central Bank Warns Of Market Calm Before The Storm:
Dutch Central Bank Warns Of Market Calm Before The Storm: With one foot out of the door of Germany’s finance ministry, the former head of the German economy, Wolfgang Schäuble, 75, delivered a fire and brimstone warning over the weekend, telling the FT in an interview that there was a danger of “new bubbles” forming […]
The Italian experiment and the truth about government debt
The Italian experiment and the truth about government debt Money is a slippery concept. Today we think of it as paper certificates and coins. But actually, anything that is generally accepted in trade can be considered money. The rise of cryptocurrencies is demonstrating this truth. In wartime scarce but desirable and easily transported commodities such […]
Schäuble: Another Financial Crisis Is Coming Due To Spiraling Global Debt, “New Bubbles”
Schäuble: Another Financial Crisis Is Coming Due To Spiraling Global Debt, “New Bubbles” Following the disappointing for Angela Merkel and her CDU German election results, which propelled the populist AfD into Germany’s political establishment with 92 members of parliament, the first casualty was Germany’s finance minister, Wolfgang Schäuble, who in a few days will relinquish […]
The Spiraling Crisis of Puerto Rico
The Spiraling Crisis of Puerto Rico Puerto Rico’s infrastructure, which already faced severe pressures because of the U.S. territory’s huge debt and demands from its creditor, has now been devastated by Hurricane Maria, as Dennis J Bernstein reports. Though President Trump bragged about the relatively low death toll from Hurricane Maria — 16 at the […]
Which American Cities Will File Bankruptcy Next?
Which American Cities Will File Bankruptcy Next? We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it’s a frightening issue if you spend just a little time to understand the math and ultimate consequences. Here is some of our recent posts on the […]
The Sum of All Fears…..and a few related charts……
The Sum of All Fears…..and a few related charts…… Today, I’d like to take some time to revisit a couple of related topics that we first started discussing a few years ago. I am, of course, referring to the burgeoning increases in China’s Debt levels, Shadow Bank Assets (loans) and M2, along with a high-level […]
Puerto Rico is on Track for Historic Debt Forgiveness–Unless Wall Street Gets Its Way
Photo: Joe Raedle/Getty Images PUERTO RICO IS ON TRACK FOR HISTORIC DEBT FORGIVENESS — UNLESS WALL STREET GETS ITS WAY FOR BONDHOLDERS SITTING on Puerto Rican debt, Hurricane Maria may have come just when they needed it, just as a yearslong battle over the fate of the island’s financial future was beginning to turn against […]
Fall of the Great Pumpkin
Fall of the Great Pumpkin Welcome to the witching month when America’s entropy-fueled death-wish expresses itself with as much Halloween jollity and merriment as the old Christmas spirit of yore. The outdoor displays alone take on a Babylonian scale, thanks to the plastic factories of China. I saw a half-life-size T-Rex skeleton for sale at […]
Fed Quack Treatments are Causing the Stagnation
Fed Quack Treatments are Causing the Stagnation Bleeding the Patient to Health There’s something alluring about cure-alls and quick fixes. Who doesn’t want a magic panacea to make every illness or discomfort disappear? Such a yearning once compelled the best and the brightest minds to believe the impossible for over two thousand years. Instantaneous relief! […]
Market Analyst: “We’re Going To Have A Biblical Event… There Is No Way To Stop This”
Market Analyst: “We’re Going To Have A Biblical Event… There Is No Way To Stop This” Gregory Mannarino of TradersChoice.net has been eerily prescient in recent years, having accurately forecast stock movements, Federal Reserve rate hikes and market sentiment. In a recent interview with Greg Hunter at USA Watchdog, Mannarino says that U.S. debt has […]
Puerto Rico Debt Holders Respond to Catastrophic Hurricane by Offering Puerto Rico More Debt
Photo: Joe Raedle/Getty Images PUERTO RICAN DEBT HOLDERS RESPOND TO CATASTROPHIC HURRICANE BY OFFERING PUERTO RICO MORE DEBT PUERTO RICO, FACING absolute devastation after Hurricane Maria barreled through last week, desperately needs immediate funding to restore critical infrastructure, particularly its hobbled electric grid. The entire island — home to over 3.5 million American citizens, roughly […]
The Sermon On The Mount[ain Of Debt]
The Sermon On The Mount[ain Of Debt] “Blessed are the young, for they shall inherit the national debt.” – President Herbert Hoover The Hoover administration thought there was no room and was ideologically opposed to fiscal expansion to stimulate aggregate demand. Furthermore, Keynesian theory was not even developed at the time. The General Theory of Employment, […]
You’re Likely A Lot Less Prepared For Crisis Than You Realize
rangizzz/Shutterstock You’re Likely A Lot Less Prepared For Crisis Than You Realize Lessons from the recent rash of natural disasters It seems as if Mother Nature is waking up. Either she’s trying to send humans an important warning, or perhaps she’s just out to kill us all. Massive storms across the globe, earthquakes, and collapsing ecosystems […]
Stock Market “Crash” Unlikely: It’s the Debt, Stupid
Stock Market “Crash” Unlikely: It’s the Debt, Stupid Many people have been predicting another stock market “crash”. I have not been in that camp for reasons I will explain below. Yet, I believe the stock market is at least 50% overvalued, and a 40% to 60% “net” decline is coming. My view is the decline will […]
