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Tag Archives: debt
Impatient Banks: A Real Red Flag For The Oil Patch
Impatient Banks: A Real Red Flag For The Oil Patch Lenders to the oil and gas industry have been extraordinarily lenient amid the worst downturn in decades, allowing indebted companies to survive a little while longer in hopes of a rebound in oil prices. But the screws are set to tighten just a bit more […]
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent
Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a […]
Canada due for debt crisis and recession, economist argues
Canada due for debt crisis and recession, economist argues Credit growth has to stop at some point, and then economy shrinks, argues Steve Keen Finance Minister Bill Morneau has just delivered a budget that will put Canada deeper in debt. A Forbes columnist argues that puts Canada on track for a credit crisis. (Sean Kilpatrick/Canadian […]
We’re Not Going To Make It…
We’re Not Going To Make It… …without real sacrifice Right now I’m on a Metro North train heading the NYC. I’ve been invited to sit on an advisory council at the UN on building a sustainable energy future. I’ll let you know how the meeting goes, after I take a few selfies to immortalize the experience in […]
Krugman Goes To Japan, Scolds Abe For Worrying About Quadrillion Yen Debt Pile, Leaves
Krugman Goes To Japan, Scolds Abe For Worrying About Quadrillion Yen Debt Pile, Leaves Much like BoJ governor Haruhiko Kuroda, Paul Krugman thinks that the key for Japan when it comes to overcoming decades of deflation is a positive outlook. “Japan needs to reach a point where everyone believes that it has pulled out of […]
Record Loss For Petrobras As Political And Economic Crisis Worsen
Record Loss For Petrobras As Political And Economic Crisis Worsen Petrobras reported a record loss for the fourth quarter, a horrendous performance that raises questions about the company’s ability to handle its mountain of debt. The state-owned Brazilian oil company announced that it lost more than 36 billion reais in the fourth quarter, or more than USD$10 […]
New law proposed to shift bank failure risk from taxpayers
New law proposed to shift bank failure risk from taxpayers Ottawa proposes ‘bail-in’ regime to force creditors to prop up failing banks The Liberal government says it will create legislation that shifts some of the risk in a bank failure to creditors. (Canadian Press) Canada will introduce legislation to implement a “bail-in” regime for systemically […]
The Color Counterrevolution Cometh
The Color Counterrevolution Cometh Alex Podesta Had Sun Tsu co-authored a treatise on the art of sports with Capt. Obvious, a quote from that seminal work would probably read as follows: If your team keeps playing an offensive game and keeps losing, eventually it will end up playing a defensive game, and will lose that […]
Recipe for Collapse: Rising Military and Social Welfare Spending
Recipe for Collapse: Rising Military and Social Welfare Spending Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient “solution.” Whatever you think of former Fed chair Alan Greenspan, he is one of the few public voices identifying runaway entitlement costs as a structural threat to the economy […]
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected […]
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter
Jeff Rubin: Oil Sands Are ‘Hemorrhaging Red Ink,’ Doomed to Shutter Former CIBC chief economist outlines latest predictions at ‘Carbon Talks.’ Former CIBC world markets economist Jeff Rubin at SFU’s ‘Carbon Talks’ panel. On the right is Vancity’s mutual fund manager Dermot Foley. Photo by Mychaylo Prystupa. The oil sands are downsizing. Alberta’s Big Oil CEOs […]
Subprime Auto Loans: the Next Shoe to Drop?
Subprime Auto Loans: the Next Shoe to Drop? Booming auto sales have more to do with low rates and easy financing than they do with the urge to buy a new vehicle. In the last few years, car buyers have borrowed nearly $1 trillion to finance new and used autos. Unfortunately, much of that money was lent to borrowers who have less-than-perfect credit and […]
US Money Supply and Debt – Early Warning Signs Remain Operative
US Money Supply and Debt – Early Warning Signs Remain Operative Still Slowing Down Year-end distortions have begun to slowly come out of the data, and while broad true US money supply growth remains fairly brisk, it has begun to slow again relative to January’s y/y growth rate, to 7.8% from 8.32%. So far it […]
Our economic growth system is reaching limits in a strange way
Our economic growth system is reaching limits in a strange way Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund: Figure 1. World GDP Forecasts by the International Monetary Fund. Figure 2 shows world economic growth […]
Big-Oil Bailout Begins as Debt Spirals Down
Big-Oil Bailout Begins as Debt Spirals Down Mexico’s proud sugar daddy becomes giant financial sinkhole. Pemex, Mexico’s state-owned oil giant, cannot seem to get a break these days. It notched up 13 straight quarters of rising losses. It now owes over $80 billion to international investors and banks. It needs to raise $23 billion this year to stay […]
