Tags » Debt

Wall Street's Calling the Sheep to the Slaughter — Again! by David Stockman

David Stockman’s take on the economy and markets after Donald Trump’s inauguration is probably prescient. From Stockman at daily reckoning.com:

I believe the shock of Donald Trump’s election will soon be vastly exceeded by an even more shocking shutdown of Washington governance within days of the inauguration. 252 more words


Bill Gross Reveals The "Global Establishment's Overall Plan" In Eight Simple Steps

Bond maven Bill Gross outlines how governments and central banks intend to extricate themselves from the debt crisis, and it isn’t pretty. From Gross at zerohedge.com: 330 more words


Collateral Damage, by The Zman

The modern financial system relies on government debt as collateral, mostly for swap and repurchase transactions. However, the world’s central banks have soaked up much of that collateral. 283 more words


Carrying Cash? Be Ready to Lose It, by Mark Nestmann

There are very good reasons for not keeping a lot of cash in banks. From Mark Nestmann on a guest post at theburningplatform.com:

Don’t trust banks to protect the money you’ve deposited? 242 more words


A pensions time bomb spells disaster for the US economy, by RealVision TV

Debt is going to be the central story of the next twenty or thirty years, and pension promises are a subset of debt. From RealVision TV at businesssinsider.com: 260 more words


Italians Vote “No,” Renzi to Resign, Banking Crisis Now Looking for Taxpayers, by Wolf Richter

The Italians have rejected Prime Minister Matteo Renzi’s constitutional change and he has indicated he will resign. The implications may be dire for Italy’s banks, depositors, and taxpayers. 306 more words


The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy, by Michael Snyder

An economy can stay afloat a long time on new debt, as long as creditors are willing to extend credit. From Michael Snyder at economiccollapseblog.com: 358 more words