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via economicprism The economic consequences of coronavirus are quickly piling up like garbage along the streets of Los Angeles. Breaking supply chains, closed Chinese factories, iPhone disruptions, and massive shortages of Chinese made … Read more
The BNA is Ready to Collect with Mikhail Khabarov at the Helm Source: Pixabay No Attribution Required The National Bank Trust was established after several large-scale credit organizations were reorganized. … Read more
By Harry Dent The only Phd economist I allow to speak each year at the Irrational Economic Summit is Dr. Lacy Hunt. (You can watch his presentation from this year’s conference here.) … Read more
US debts bigger than 2008 on a new all time high. Auto loans nearly doubled since 2008 from $740 million to $1.3 trillion. Student loans surged to $1.6 trillion and … Read more
via strategypage: …major protests began in 2014 when China imposed restrictions on who could get elected to the Hong Kong government. China was seen as trying to ensure than only pro-China … Read more
via howmuch In the first quarter of 2019, the total private and public debt of the United States hit a record $70 trillion, raising concerns about the possibility of widespread defaults. … Read more
via publicfinanceinternational: Urgent action is being demanded to tackle a growing debt crisis among poor countries, whose foreign debt payments soared by 85% between 2010 and 2018. The Jubilee Debt Campaign … Read more
via @CantillonCH: China’s Banks Have a Hidden Wave of Bad Debt Factor in the amount of soured loans they stripped from their balance sheets last year, and the situation looks a … Read more
–> Derivative Market: $532T–> Global Debt: $247T–> U.S. National Debt: $21.2T–> Real Estate: $217T–> All Money: $95.7T–> Physical Money: $43.2T–> Stock Markets: $77.7T–> Gold Market Cap: $7.8T–> Cryptocurrency Market Cap: … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%. On Monday, Argentina’s central bank responded to the currency chaos in Turkey … Read more
by Michael Snyder In a way, I feel very sorry for Brett Kavanaugh right now. This Senate confirmation process is going to be like going to a proctologist every single … Read more
by Martin Armstrong COMMENT: You were here in Brussels a few weeks ago. Suddenly, the ECB is talking about the need to merge the debts to prevent a crisis. So your … Read more
by Martin Armstrong QUESTION: If governments have been borrowing without limit since world war 2, are you saying that there is some line that is cross in debt to GDP … Read more
For debt: www.vertex42.com/Calculators/debt-reduction-calculator.html It is good, you can custom prioritize the loans or use a preset method with a base payment amount then you can add additional payments of … Read more
by Egon von Greyerz Is this it? Is the bull market finished and the good times over? Well, they could very well be. We are looking at a world which … Read more