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Tag Archives: debt
Get Ready… Change Is Upon Us
Get Ready… Change Is Upon Us The ‘economic peace’ we’ve enjoyed for decades is over “After four years of warfare that tore the world apart like never before, a peace was finally reached. But it was a peace which one man in particular vociferously condemned — and that man was John Maynard Keynes. In just two […]
This is How Consumers Turn into Debt Slaves
This is How Consumers Turn into Debt Slaves The Fed likes the word “credit.” Sounds less onerous than “debt.” Consumer debt rose by $19.3 billion in September to $3.71 trillion, another record in a five-year series of records, the Federal Reserve’s Board of Governors reported on Monday. Consumer debt is up 6% from a year ago, […]
4 Year Proposition? – Next President Has To Contend With Obama’s Massive Debt Burden At “Epic Turning Point”
4 Year Proposition? – Next President Has To Contend With Obama’s Massive Debt Burden At “Epic Turning Point” Whoever wins the 2016 presidential election tomorrow night could be in for a rough 4 years in the White House courtesy of the gigantic debt burden amassed by Obama over the previous 8 years. While an accommodative […]
Global Debt Investors: The Silence of the Lambs
Global Debt Investors: The Silence of the Lambs More haunting even than the terrified screams of lambs being led was the silence that followed their slaughter. Such was the searing pain of relentless recollection for FBI agent Clarice Starling, the tortured lead played to Oscar perfection by Jodie Foster. In an agonizingly whispered scene that […]
Wolf Richter: The Economy Is Cracking Under Too Much Debt
Wolf Richter: The Economy Is Cracking Under Too Much Debt Housing, restaurants & retail are suffering Wolf Richter joins the podcast this week to discuss the deterioration of the global macro situation, and how he is seeing growing signs of recession breaking out across the economy: I think that was one of the biggest mistakes […]
Chart Of The Day: This Is What Happens When There Is Even A Hint That The ECB Will Stop Buying Bonds
Chart Of The Day: This Is What Happens When There Is Even A Hint That The ECB Will Stop Buying Bonds Portugal’s bond yields continue to rise as the rating agency DBRS prepares to deliver its rating verdict. It’s the last rating agency that still has Portugal’s debt at an investment-grade level. If the downgrade […]
Savings Guarantee? U.N. Warns Next Financial Crisis Imminent
Savings Guarantee? U.N. Warns Next Financial Crisis Imminent “There remains a risk of deflationary spirals in which capital flight, currency devaluations and collapsing asset prices would stymie growth and shrink government revenues. As capital begins to flow out, there is now a real danger of entering a third phase of the financial crisis …” UN […]
Hell To Pay
SkillUp/Shutterstock Hell To Pay The final condition for a market crash is falling into place Sometimes I wonder if I’m ever going to run out of new things to say about the economy. Nothing interesting has happened in a long time. Our liquidity-drunk “markets” remain over-priced due to the chronic intervention of the global central […]
Premier Clark on ‘Historic Debt Binge,’ Says Conservative Leader
Premier Clark on ‘Historic Debt Binge,’ Says Conservative Leader ‘Debt-free BC’ 2013 campaign promise called unrealistic, simplistic. Clark promised LNG revenue would mean ‘debt-free BC.’ Instead, debt up 45 per cent during her tenure. David P. Ball Premier Christy Clark won the provincial election in 2013 promising a “Debt-Free BC,” but an opponent now accuses her […]
The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent
The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history. […]
Chart Of The Day: The LBO Up North——-Canada’s Household Debt Ratio Goes Parabolic
Chart Of The Day: The LBO Up North——-Canada’s Household Debt Ratio Goes Parabolic
Why the Coming Wave of Defaults Will Be Devastating
Why the Coming Wave of Defaults Will Be Devastating Without the stimulus of ever-rising credit, the global economy craters in a self-reinforcing cycle of defaults, deleveraging and collapsing debt-based consumption. In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit […]
George Friedman: Italy Is the Mother of All Systemic Threats
George Friedman: Italy Is the Mother of All Systemic Threats Italy has been in a crisis for at least eight months, though mainstream media did not recognize it until July. This crisis has nothing to do with Brexit, although opponents of Brexit will claim it does. Even if Britain had voted to stay in the EU, […]
Former Treasury Secretary says banks may be riskier now than in the 2008 crisis
Former Treasury Secretary says banks may be riskier now than in the 2008 crisis “Sir. SIR! This your bag,” the TSA agent barked at me last week, more as a statement than a question. “It is.” “Are you carrying any liquids?” I knew immediately; I had forgotten about the bottle of water that I had […]
