Month: September 2022

Zoltan Pozsar: Europe is facing a Minsky moment triggered by excessive financial leverage. In Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s.”

by

by  mark000 Eurozone about to plunge into severe recession, global markets (stock, bond, real estate, crypto, oil, commodities, currencies) going to crash, then a global financial crisis, and then…………? Zoltan: "This Is What The New World Order Will Look Like" After Europe's Minsky Moment "Where $2 Trillion Of German Value Depends On $20 Billion Of … Read more

Electric shock: Spike in U.K. energy prices push cost of running EVs above gas-powered cars

by

Charging electric vehicles in Britain soon will be more expensive than filling up gasoline-powered cars thanks to soaring electricity costs — an economic switcheroo that could be a harbinger of shrinking financial benefits for Americans who go green. British energy regulators told electricity consumers to expect to pay 80% more beginning Oct. 1. The national … Read more

NBC News: “Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers”

by

View post on imgur.com Bank of America announces zero down payment, zero closing cost mortgages for Black and Hispanic first-time homebuyers Residents in select Charlotte, Dallas, Detroit, Los Angeles and Miami neighborhoods will be the first to be offered the program. “Homeownership strengthens our communities and can help individuals and families to build wealth over … Read more

What Would You Do If You Had To Go Through The Economic Horrors Of 2008 Again? (Spoiler Alert: The Next Economic Crisis Has Already Begun)

by

by Michael If you knew for certain that we were about to plunge into another massive economic downturn like we experienced during the “Great Recession”, how would you respond?  The events of the second half of 2008 took almost everyone by surprise, and the vast majority of the population was completely unprepared for what happened … Read more