Beware Of The $5 Trillion Corporate Debt Wall Due Through 2024

via Zerohedge: S&P Global Ratings is now warning about $5.2 trillion in corporate debt coming due through 2024, reported International Financing Review (IFR). The $5.2 trillion includes bonds, loans, and revolving credit facilities from financial and non-financial companies in the US. It represents almost half of the global rated debt expected to mature during the period. S&P … Read more

Typical market top behavior?

Let’s lever up, folks. Softbank to lend $20B to CEO and employees to invest in its own fund, per WSJ. That’s more than half of the money raised for its second Vision Fund. Typical market top behavior? $SFTBY Let’s lever up, folks. Softbank to lend $20B to CEO and employees to invest in its own … Read more

Gregory Mannarino: Prelude To THE BIG ONE

by Dunagun Kaiser via Reluctant Preppers with Greg Mannarino The US president says all is well and we’ve got the strongest economy ever… ..Why then is Trump calling for an immediate and drastic stimulus rate cut? ..Why then is the Fed is planning to put in place an unprecedented rule to shore up the biggest banks, which they’ve been saving … Read more

Safe Haven Appeal Sends Gold Above $1,500

From Birch Gold Group This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Gold gains as recessionary fears lift safe-haven appeal, gold prices to hit $1,575 in 3 months and $1,600 in 6 months, and why bullion prices could keep exploding next week. Gold Gains as Recessionary Fears … Read more

UK Power Outage Blamed On Massive New Windfarm Sudden Disconnect

LEAKED REPORT POINTS TO WIND FARM FAILURE CAUSING UK BLACKOUT Date: 17/08/19 Financial Times National Grid’s preliminary investigation into the blackout that caused widespread disruption in England and Wales last week has raised the possibility that it was caused by the world’s largest offshore wind farm accidentally going offline. The provisional report, which was submitted … Read more

Mapping Out Mortgage Debt Across the U.S.

by howmuch Owning a home is a major life milestone for many Americans. In order to afford a home, most people will need to take out a mortgage and pay it off over time. Mortgage debt has hit a new peak since the 2008 financial crisis, rising to $9.406 trillion in Q2 2019. Interestingly, residents of some … Read more

Truckers can’t pay off their fuel cards — and it’s a ‘sure sign’ that more trucking bankruptcies are coming

Truck drivers have been clobbered with falling rates in 2019. There has also been a spate of trucking companies that have gone bankrupt. And a classic sign that more trucking bankruptcies are on the horizon is emerging — increased delinquencies in paying off fuel cards. Pilot Flying J, one of the largest trucking fuel card providers and America’s … Read more

Recession fears, recession reality

by jwiegley I’ve been an investor through two of the past recessions. I can’t say if another one is looming, near, or not close at all. My ability to predict the market is as bad as anyone’s. However, hearing all the fear and hype, and seeing the Great Flight to bonds and commodities and other … Read more

What The US-China Currency War Means For The Economy

by Daniel Lacalle via Mises A few months ago many of us read about the theory of “the nuclear option,” according to which China could generate a huge debt crisis in the United States and destroy the US economy if it sold its treasury holdings. As I mentioned at the time, China can become a greater economic leader, but the … Read more