DEBT TOOK OVER WHEN MONEY VELOCITY COLLAPSED

https://twitter.com/OccupyWisdom/status/993634984559816704 Money velocity is the movement of money around the economy and it can exist alongside debt. But as it collapsed you see debt continue parabolic. It means to me that wages and savings are gone long before the average …

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Fed’s QE Unwind Accelerates Sharply

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter These are getting to be serious amounts. The QE Unwind is ramping up toward cruising speed. The Fed’s balance sheetfor the week ending May 2, released this afternoon, shows a total drop of $104 billion since the beginning …

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Corporate debt could be the culprit for next crisis

by COMPUTER1313 https://www.economist.com/news/business-and-finance/21741377-corporate-debt-could-be-culprit-where-will-next-crisis-occur One sign that the credit quality of the market has been deteriorating is that, globally, the median bond’s rating has dropped steadily since 1980, from A- to BBB-. The corporate-bond market is divided into investment grade (debt with …

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Jim Chanos regarding Tesla’s liquidity and credit strength: “Tesla’s quick ratio dropped to 0.38 and their (Altman) z-score is approaching 1.0. Both are indicative of a company in financial distress.”

Jim Chanos to @Reuters regarding Tesla's liquidity and credit strength: "Tesla’s quick ratio dropped to 0.38 and their (Altman) z-score is approaching 1.0. Both are indicative of a company in financial distress.” @Reuters @ReutersBiz @elonmusk — Jennifer Ablan (@jennablan) May …

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Lisa Page & James Baker Strike Deal to “resign” from FBI. Windfall Taxpayer funded golden-parachute ahead of damning IG Horowitz report. Let’s see the term sheet.

Lisa Page & James Baker Strike Deal to "resign" from #FBI. Windfall Taxpayer funded golden-parachute ahead of damning IG Horowitz report. Let's see the term sheet. #CORRUPTION #DeepState #Rosenstein #Comey #McCabe #Yates #Clapper #Brennan #ObamaGate #Witchhunt pic.twitter.com/K23g5WZ4g9 — Planet Ponzi …

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The Next Recession Is Closer Than You Think

by Peter Cook “Peter Cook is the author of the ‘Is That True?’ series of articles, which help explain the many statements and theories circulating in the mainstream financial media often presented as “truths.” The motives and psychology of market participants, which …

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How Tech is Changing the Modern Credit Landscape

by visualcapitalist From the beginnings of General Motors Acceptance Corporation to the introduction of the Diner’s Club charge card, the history of credit has been filled with game-changing innovations. Today, new innovations in tech are continuing to shape the consumer credit industry – …

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The World Has Accumulated $215 Trillion Of Private Wealth – But Who Holds It All? About 73.5% – Is Held By Just 10 Countries

by visualcapitalist The 10 Wealthiest Countries The Chart of the Week is a weekly Visual Capitalist feature on Fridays. According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year. Incredibly, …

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Transports-Vulnerable to large decline

by Chris Kimble CLICK ON CHART TO ENLARGE This chart looks at the Dow Jones Transportation Index over the past 25-years on a monthly basis. The trend for Transports is up and nothing of late has changed the long-term trend. Transports are testing …

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