Tags » Debt

China's Great Divide: A New Cultural Revolution? by Charles Hugh Smith

When China’s gargantuan debt bubble finally explodes and the shit hits the fan, China’s leadership may end up in worse shape than just having feces on their faces. 515 more words


Barack Obama may have finally destroyed America’s #1 advantage, by Simon Black

Having the world’s reserve currency and being able to issue debt in unlimited amounts in your own currency is like being the banker in Monopoly and being able to give yourself unlimited cash. 501 more words


Revealed: ECB Secretly Hands Cash to Select Corporations, by Don Quijones

Why not cut out the middlemen? The ECB has been secretly buying bonds directly from corporations in private placements. From Don Quijones at wolfstreet.com:

Expanding its Program of Financial Darwinism… 561 more words


Dark Dynamics, by James Howard Kunstler

Peak debt and peak oil will bring the current age of delusion to a close. from James Howard Kunstler at kunstler.com:

What the world is witnessing, without actually paying much attention, is the death of our debt-based economy — that is, borrowing the means to thrive in the now from a future that can’t really furnish it anymore. 438 more words


The Impossible Italian Job, by Don Quijones

It goes without saying that there will be another can-kicking exercise in Europe to deal with the Italian banking crisis. The only doubt is what exactly they will do to pretend that Italian banks aren’t bankrupt. 525 more words


Business Loan Delinquencies Rock Past Lehman Moment Level, by Wolf Richter

Just another in a steadily growing string of indicators that indicate that the US economy is heading towards trouble, or, in fact, is already in trouble. 458 more words


What the Fed Hasn't Fixed (and Actually Made Worse), by Charles Hugh Smith

This is a good summary of how badly Federal Reserve policies have actually hurt the US economy. The same can be said for many central banks and many local economies around the world. 466 more words