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 …
Some of the world’s biggest banks are acting to prevent their customers from using credit cards to buy bitcoin. In the U.K., Lloyds Banking Group (LLDTF) said Monday that it will no longer accept transactions involving the purchase of cryptocurrencies …
The No. 1 cryptocurrency exchange on Thursday told customers that payments for digital assets on its platform are being processed as “cash advances,” which could result in additional fees. The change may not be new to some users of Coinbase …
Very often people become unsuccessful in money lending. The loans are issued within minutes. But unless a person has a considerable income, it will be not that easy to pay the loan back. People rarely pay attention to the contractual …
by Shaun Richards This morning’s news brings us back to a problem which has dogged the credit crunch era. The advent of first official interest-rate cuts and then central bank balance sheet expansion was designed to pull economic demand from …
by Rodney Johnson When my kids turned 16, they got three things: a driver’s license, a (used) car, and a credit card. They needed the license to drive, needed the car so that I didn’t have to let them drive mine, …
by Shaun Richards If we take a look at the US economy then we see on the surface something which looks as it is going well. For example the state of play in terms of economic growth is solid according …
By Robert Carbery Democrats declare that Obama is responsible for the current economic growth we are witnessing. Republicans counter that President Trump’s pro-business actions over the last year are to credit for the current economic climate. We hear the …
US banks suffer 20% jump in credit card losses The big four US retail banks sustained a near 20 per cent jump in losses from credit cards in 2017, raising doubts about the ability of consumers to fuel economic expansion. …