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Peter Schiff: Inflation Is Going to Win the War
Peter Schiff: Inflation Is Going to Win the War The CPI data for December buoyed markets and raised hopes that the Federal Reserve is winning its war against inflation. But in his podcast, Peter explained that the Fed isn’t winning the war. It is losing and will ultimately surrender to inflation. Markets rallied after the CPI data […]
The State of the American Debt Slaves, Q1 2020
The State of the American Debt Slaves, Q1 2020 How are consumers positioned going into the crisis? Most of the first quarter was still the Good Times, but in later February and early March it hit the fan, as markets were crashing. In mid-March lockdowns started to roll across the country, and the layoffs by […]
Spirits in the Material World
SPIRITS IN THE MATERIAL WORLD There is no political solutionTo our troubled evolutionHave no faith in constitutionThere is no bloody revolution The Police – Spirits in the Material World As I was driving home from work last week, an almost forty-year-old song began emanating from my radio. I’ve always appreciated the music of The Police, […]
Are Consumers Nearing the End of Their Road of Debt?
Are Consumers Nearing the End of Their Road of Debt? Are consumers getting close to the end of their road of debt? There are some indications that they might be and that’s not good news for an economy built on consumers spending money they don’t have. Total consumer debt grew and set yet another new […]
Debt Trifecta at All-Time Highs – Billionaires Panic
Debt Trifecta at All-Time Highs – Billionaires Panic The “trifecta” of national, corporate, and consumer debt has reached all-time highs, and could prove to be catastrophic if a recession hits. Let’s start by quickly bringing each part of this debt trifecta up to date as much as possible… U.S. National Debt The national debt, ever […]
The State of the American Debt Slaves, Q3 2018
The State of the American Debt Slaves, Q3 2018 Consumers are being lackadaisical again with their plastic. Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, but no cigar, $4 trillion, or more precisely $3.93 trillion (not […]
The Fourth Turning & War of the Worlds
THE FOURTH TURNING & WAR OF THE WORLDS “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a […]
Where the Debt Slaves Are the Most Vulnerable
Where the Debt Slaves Are the Most Vulnerable I’m shedding a different light on consumer debt. This type of chart is trotted out constantly these days to show that American households are in fabulous shape when it comes to their ability to service their blistering record debts. The red line in the chart shows household […]
Global Debt Crisis II Cometh
Global Debt Crisis II Cometh – Global debt ‘area of weakness’ and could ‘induce financial panic’ – King warns – Global debt to GDP now 40 per cent higher than it was a decade ago – BIS warn – Global non-financial corporate debt grew by 15% to 96% of GDP in the past six years […]
Consumer Debt Roulette: Debt Is Up $605 Billion BEFORE $682 Billion Is Spent on Christmas
Consumer Debt Roulette: Debt Is Up $605 Billion BEFORE $682 Billion Is Spent on Christmas The last time American consumer debt was this high was.. well…NEVER. But now, it seems we are engaged in a high stakes game of consumer debt roulette. And the House is the only one who will win this game. Last […]
The Inconvenient Truth of Consumer Debt
The Inconvenient Truth of Consumer Debt It’s acceptable to build infinitely high levels of household debt — as long as rates never rise. Ready for a rainy day?Photographer: Anoek De Groot/AFP/Getty Images Oh, but for the days the hawks had a hero in Sydney. Against the backdrop of a de facto currency war, the Reserve […]
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, […]
Albertans have highest debt load in Canada, Equifax says
Albertans have highest debt load in Canada, Equifax says Consumer debt delinquencies jump 25% in province, 17% in Calgary Consumer debt in Alberta has jumped 17 per cent. (Joe Raedle/Getty Images) Albertans have the highest average debt load in the country at more than $27,000, says Equifax Canada. A study released this morning says consumer debt delinquencies in the […]
Deranged Central Bankers Blowing Up the World
DERANGED CENTRAL BANKERS BLOWING UP THE WORLD It is now self-evident to any sentient being (excludes CNBC shills, Wall Street shyster economists, and Keynesian loving politicians) the mountainous level of unpayable global debt is about to crash down like an avalanche upon hundreds of millions of willfully ignorant citizens who trusted their politician leaders and […]
