Who will pay the bills? If they become delinquent, who will bail our the investors that bought the derivatives holding that debt? Expansion of debt far beyond what the average person thinks. This is a truly messed up financial system. …
https://twitter.com/MacroTechnicals/status/980879597804847108 Goldilocks Who? 50% More Corporate Credit Downgrades vs Upgrades Q4 17 In a near-ZIRP world, US corporations can’t help but overfeed at the debt trough. As Default Rates Rise, Banks Hike Debt Interest Rates 1% in 6 Months “Wall …
by WARREN MOSLER Worse than expected, weak, and decelerating: Highlights Construction spending has been soft, inching only 0.1 percent higher in February after posting no change in January but there are definitely signs of strength in the details. The most important …
No credit debt or car payments for me. That’s how you stay broke. Pay down that credit ASAP and stop spending. https://www.youtube.com/watch?v=SPEsMLaDm0M Tucker Carlson on consumer credit card debt in America (3-30-18). Ben
The Bank of Montreal has blocked all credit, debit and online payments to cryptocurrency exchanges because they claim Bitcoin is too volatile. The legacy financial system remains the biggest single point of failure to the success of crypto markets. The …
via Callum Thomas Taking the particular lens on the Fed/US monetary policy, and US credit market conditions, it’s clear we are in the later innings. As monetary policy progressively tightens, the burden of proof to hold US HY credit at such extremely tight …
Survey: Americans Spent $1.4B on Credit Freeze Fees in Wake of Equifax Breach Almost 20 percent of Americans froze their credit file with one or more of the big three credit bureaus in the wake of last year’s data breach at Equifax, costing …
by GoldCore Key Metric LIBOR OIS Signals Major Credit Concerns – Widening of the spread between LIBOR OIS (overnight index swap) rate raises concerns – Spread jumped to 9 year widest spread, rising to 54.6bps, most since May 2009. – …
by stockboardasset The Bank for International Settlements (BIS) is warning of an upcoming banking crisis in numerous countries. But we’re all really in it together. Where goes one, goes all. From a risk management perspective it’s a disaster waiting to happen. This …
via asiancorrespondent: IN a move taken straight out of a Black Mirror episode, China said it will now ban people from flights and trains if they do not have enough “social credit.” People who have committed misdeeds would be put on …
Zombie Companies have risen to all-time highs due to cheap money and high liquidity. Endless refinancing perpetuates overcapacity and incentivises low productivity. …And you wonder why salaries don't rise. (source BIS) pic.twitter.com/UqLdfDq4BC — Daniel Lacalle (@dlacalle_IA) March 14, 2018 https://twitter.com/OccupyWisdom/status/973863037756170241 …
Financial Survival Network, Released on 3/13/18 The Bank for International Settlements (BIS) is warning of an upcoming banking crisis in numerous countries. But we’re all really in it together. Where goes one, goes all. From a risk management perspective it’s …
#LEVERAGE LOOP (Concept adopted from work of Matt Mish of UBS) @StockBoardAsset For a US economy that has a razor-thin cushion of saving, dependence on rising asset prices has never been more obvious NEW HAVEN – The spin is all …
From the Wall Street Journal: From a townhouse near a megachurch in Atlanta, Kelvin Lyles recruited about 300 accomplices to embark on a crime spree. His group scammed ATMs, internet retailers and credit-card companies, grabbing around $350,000, until late 2015, when …
by Dave Below is the “net change w/w” in the total outstanding bank credit for all commercial banks in the US. When the black line drops below 0, that means a decline in the amount of credit vs the previous …
by WARREN MOSLER Highlights Today’s factory orders report, down 1.4 percent at the headline level but showing life underneath, closes the book on what was a mixed to soft month of January for manufacturing. Aircraft has been a bright spot for …
by Jim Rickards via Daily Reckoning The coming credit crisis in China is no secret. China has $1 trillion or more in bad debts waiting to explode. These bad debts permeate the economy. Some are incurred by Chinese provincial authorities trying to get …
So theyre saying it’s only the restaurants owned by this RMH company that were breached. I can’t find which specific ones they own at first glance. I don’t eat there, but hoped to inform my fellow GLPrs the best that …
Turning Hard Times Into Good Times, Released on 2/28/18 Alasdair Macleod speaks to questions about when he thinks the next credit crisis will occur and the logic behind his view. Alasdair Macleod is head of research for GoldMoney. He also …
via SilverDoctors London Analyst Alasdair MacLeod also tells Silver Doctors China’s trade, not America’s, is now driving the global economy. He explains the impact this is having on the U.S. dollar. As the U.S. dollar declines, gold and silver will rise, MacLeod …
h/t @StockBoardAsset WEALTH EFFECT DEFECT Small business optimism
https://twitter.com/OccupyWisdom/status/966856733934186498 2. In 2007, prior to the crisis, the following was true: ???? the average yield was 4.6% ???? the #deficit was 1% of #GDP ???? publicly traded #debt was ~ 5 trillion #dollars Due to #ZIRP, if the 10 …
Two weeks after the unprecedented, record Feb. 5 surge in the VIX, the historic move is rapidly fading into memory as “the dip gets bought” again: to those who correctly predicted it, like Fasanara Capital and Eric Peters, and those who profited from it, …
by Peter Schiff Could the house of credit cards Americans have built be on the verge of collapse? Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Market still blows off Fed, Treasury selloff, and volatility in stocks. “Leveraged loans,” extended to junk-rated and highly leveraged companies, are too risky for banks to keep on their books. Banks sell them to loan mutual …
CNBC: “President Donald Trump’s overall approval rating in most polls is creeping up lately, yet it remains at historically weak levels for a president at this stage in his first term. But at the same time, voters are starting to …
by WARREN MOSLER It’s been decelerating all year with a year end move up that’s likely to be reversed as personal income growth continues to be very low: Highlights Consumer borrowing increased in December, up $18.4 billion vs an upwardly revised …
How will a system so indebted ever dig itself out of this mess? The millennial generation and younger are on average massively indebted and many haven’t even found a permanent job or still in school. Overburdened by debt. The system …
XIV is an ETN offered by Credit Suisse to bet against volatility. The way XIV works is complicated, but it is very sensitive to front month VIX being much higher than the next month out. At market close XIV was …