Home » Posts tagged 'debt servicing'
Tag Archives: debt servicing
China Vows More Stimulus With Economy On Verge Of Contraction
China Vows More Stimulus With Economy On Verge Of Contraction Overnight, China revealed the latest confirmation that its economy is slowing more conventional wisdom realizes when the National Bureau of Statistics reported that the manufacturing PMI fell to 50.2 in October – on the verge of a sub-50 contraction – down from 50.8 in September […]
The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018
The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018 Earlier this week, when the US closed fiscal 2018 on September 30, we reported that US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018; with this last push higher, total gross national […]
Beware The Zombies: BIS Warns That Non-Viable Firms Are Crippling Global Growth
Beware The Zombies: BIS Warns That Non-Viable Firms Are Crippling Global Growth Ten years after central banks unleashed a period of record low interest rates, the central banks’ central bank is warning that this may not have been the smartest move. In the latest quarterly review from the Bank of International Settlements, the Basel-based organization […]
Wasting the Lehman Crisis: What Was Not Saved Was the Economy
Wasting the Lehman Crisis: What Was Not Saved Was the Economy Photo Source futureatlas.com | CC BY 2.0 Today’s financial malaise for pension funds, state and local budgets and underemployment is largely a result of the 2008 bailout, not the crash. What was saved was not only the banks – or more to the point, […]
Debt-Laden Canadians Struggling Amid Decade-High Monthly Payments
Debt-Laden Canadians Struggling Amid Decade-High Monthly Payments Canadians are spending more of their monthly budget on servicing debt, according to Bloomberg, hitting highs not seen since late 2008. The household debt service ratio — a measure of the share of income that goes toward paying interest and principal on mortgage, credit card and other types of debt […]
Where do We go? Is Any Place Safe?
Where do We go? Is Any Place Safe? Many people have written in asking the same question: “My question is as follows. Since we are all connected in this world. Will there be any place at all that will not be affected by a WW3? “ So far, we do not see anywhere in the […]
DANGER AHEAD FOR U.S. GOVT: Unable To Service Debt As Interest Rates Surge
DANGER AHEAD FOR U.S. GOVT: Unable To Service Debt As Interest Rates Surge The U.S. Government is in serious trouble when interest rates rise. As interest rates rise, so will the amount of money the U.S. Government will have to pay out to service its rapidly rising debt. Unfortunately, interest rates don’t have to increase […]
Debt Has No Consequences? Color Me Skeptical
Debt Has No Consequences? Color Me Skeptical The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences. Here’s a chart of America’s national debt, extended a mere dozen years into the future: the current $20 trillion in debt will double to $40 trillion, and that assumes […]
