Spreading the truth. Empowering the people.
by Martin Armstrong QUESTION: You always mention how there were defaults and suspension of debt during the Great Depression by states and municipals. Was this also true in Canada? JRT … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch Ratings. Defaults by Chinese … Read more
Asian Debt Defaults to Rise as Currencies Weaken, Liquidity Tightens China, India cited as main spots to watch for more nonpayments Shadow banking crackdown, rising rates hurting weak borrowers A … Read more
MSNBC Legal Analyst: Kavanaugh’s Opening Statement Was ‘Kind of Scary,’ a ‘Temper Tantrum’. Next they’re going to tell us to “educate ourselves. Look, it’s not that the left is malicious … Read more
Wolf Richter with Jim Goddard on This Week in Money: A wide-ranging interview on the auto industry, plus how mortgage rates impact housing markets in the US and Canada, and how … Read more
Moody’s warnings should not be taken in stride. The agency only issues warnings when they absolutely have to and cannot put off the bad market sentiment any longer. They can … Read more
HISTORY RHYMES Via @TheBubbleBubble pic.twitter.com/70xMb0d4Iv — OW (@OccupyWisdom) June 3, 2018 Markets dont care until they care. That’s why it’s called “panic” Look at the close behaviour:What if DEUTSCHE BANK … Read more
by SpontaneousDisorder Moody’s warns of ‘particularly large’ wave of junk bond defaults ahead Since 2009, the level of global nonfinancial companies rated as speculative, or junk, has surged by 58 percent, … Read more
by Martin Armstrong QUESTION: Mr. Armstrong; You said that the emerging markets are a huge problem that will lead to a Sovereign Debt Default. Can you elaborate on that statement? Thank … Read more
The Global Economy Is Slowingt.co/F1wuhNPhRP — Daniel Lacalle (@dlacalle_IA) April 17, 2018 Credit card defaults hit 6 year high. (S&P/Experian Default Index) Credit risk seems abundant. pic.twitter.com/3bsdGSegf1 — Mark Johnston … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Brick-and-Mortar Meltdown sets sad record. And Q2 starts out on the right foot. These are retailers that are large enough to be rated by Moody’s and … Read more
by GoldCore – $8.8B Sprott Inc. sees higher gold on massive consumer debt, defaults & bankruptcies – Rising and record U.S. debt load may cause financial stress, weaken dollar and see gold … Read more
From The Guardian: It is dark in the workshop, but what light there is streams in patches through the windows. Cobwebs coat the wrenches, the cans of spray paint and the … Read more
Credit-Card Payments SURGE Americans increasingly relied on credit cards to make payments in 2016, and made more of those payments remotely, according to new data the Federal Reserve released Thursday. … Read more
By Michael Snyder Did you know that Venezuela just went into default? This should be an absolutely enormous story, but the mainstream media is being very quiet about it. Wall … Read more