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Tag Archives: debt
Australian Housing Illusion Set to Burst
Australian Housing Illusion Set to Burst Possibly driving an already weak economy into recession. Every day, we have investment banks and others telling us that the Australian housing party is over. Estimates for price declines over the next year or so vary from 7.5% to a plunge of 25%. Even the Reserve Bank of Australia […]
Political Climate Shifting Against The Oil And Gas Industry
Political Climate Shifting Against The Oil And Gas Industry Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that […]
Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves
Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves In late October, when describing Venezuela’s desperate steps to keep itself afloat for a few more months, we reported that in order to fund $3.5 billion bond payments in early November, Maduro’s government had engaged in something that is the very […]
How the easy money boom ends
How the easy money boom ends Through the door there came familiar laughter I saw your face and heard you call my name Oh, my friend we’re older but no wiser For in our hearts the dreams are still the same Those were the days – “Those Were the Days” by Gene Raskin POITOU, France […]
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like Back in early 2009, just around the time the Fed announced it would unleash QE1, we warned that any attempt to reflate the debt (a pathway which ultimately leads to hyperinflation as monetary paradrops are the only […]
Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead
Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead Why won’t the American people listen to the warnings? David Stockman was a member of the U.S. House of Representatives from 1977 to 1981, and he served as the Director of the Office of Management and Budget under President Ronald Reagan from 1981 to […]
Oil Megaprojects Won’t Stay On The Shelf For Long
Oil Megaprojects Won’t Stay On The Shelf For Long One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology […]
Oops! Low oil prices are related to a debt bubble
Oops! Low oil prices are related to a debt bubble Why is the price of oil so low now? In fact, why are all commodity prices so low? I see the problem as being an affordability issue that has been hidden by a growing debt bubble. As this debt bubble has expanded, it has kept the sales prices […]
Experts Fear a Stealth Crash Has Already Begun: “Risk is Flashing Red”
Experts Fear a Stealth Crash Has Already Begun: “Risk is Flashing Red” It is more clear than ever that the Federal Reserve’s quantitative easing program will eventually bring destruction to the planet. The world doubled down on risk after the 2008 crisis with nearly unlimited liquidity, and now debt is threatening to drown the global […]
The Global Test Most Will Fail: Surviving the Bust That Inevitably Follows a Boom
The Global Test Most Will Fail: Surviving the Bust That Inevitably Follows a Boom Now that virtually every nation is entering the bust phase, all are being tested. Booms powered by credit, new markets and speculation are followed by busts as night follows day. This creates a very difficult test for every nation-state facing the inevitable […]
First Sovereign Debt Default 4th Century BC
First Sovereign Debt Default 4th Century BC QUESTION: Mr. Armstrong; I read this time its different by Rogoff. While it is interesting about sovereign defaults, he clearly does not go back into ancient times or more than a few hundred years. If anyone would know when the first such default took place it must be you. […]
Liam Fox’s Speech to the IEA on Honest Money
Liam Fox’s Speech to the IEA on Honest Money Dr Fox gave his speech on honest money to the IEA last week. The video can also be viewed here: http://www.iea.org.uk/multimedia/video/rt-hon-liam-fox-on-honest-money It is almost universally accepted that the first duty of government is the protection of its citizens. As a former Secretary of State for Defence I […]
SPR To Be Used To Raise Cash For US Gov
SPR To Be Used To Raise Cash For US Gov The U.S. Congress is moving on a budget deal to avert a standoff over raising the debt ceiling, at least until 2017. The emerging budget deal calls for some modest increases in government spending, including on defense, along with some tweaks to Social Security and Medicare. But […]
U.S. Shale Lifelines Running Thin
U.S. Shale Lifelines Running Thin As the world heads towards the start of the winter fuel oil season, crude prices still show little sign of a sustained upward move. Instead, oil seems to be trapped in a new “normal” range of around $40 to $55 a barrel. Shale oil producers have done a remarkable job […]
